Massachusetts reached a new marijuana sales milestone leading up to 4/20 last week, with the state crossing the $6 billion mark since the adult-use market launched, regulators announced. And the state broke a single-day sales record on the holiday itself, with $8.5 million in sales.
As of last Wednesday, Massachusetts logged $6,003,985,070 in recreational cannabis purchases. It was only last September that the state exceeded $5 billion in sales, meaning this is “the shortest it’s taken for Massachusetts businesses to generate another $1 billion dollars in gross sales,” the Cannabis Control Commission (CCC) said on Wednesday.
“I continue to be encouraged by these sales milestones because they show that the industry is strong and efficiently regulated, both spurring economic development and critical tax revenue for the Commonwealth and providing safe, tested products for consumers and patients alike,” Ava Callender Concepcion, acting chair of CCC, said in a press release.
“With a wave of new statutory and regulatory changes beginning to take shape in Massachusetts, I’m confident that our industry is well-positioned to continue adapting, expanding, and creating more equity-driven pathways for individuals pursuing their entrepreneurial and career aspirations,” she said.
The new data comes one month after regulators announced
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