Recommended content

District of Columbia medical marijuana sales soar, but many dispensaries are struggling

While overall medical marijuana sales in Washington, D.C., have nearly doubled since January, dispensaries that converted from “gifting” shops are facing significant struggles.

Cannabis sales in the District of Columbia increased from $4.6 million in January to nearly $9 million in May, according to the Alcoholic Beverage and Cannabis Administration (ABCA).

ADVERTISEMENT

In that time, the district has cracked down on the gifting shops that were authorized under voter-approved Initiative 71, which legalized the recreational possession, consumption and sharing of marijuana among adults while outlawing sales of the drug.

The measure allowed stores selling non-marijuana items to include a “gift” of cannabis.

Those retailers had until March 31 to open as licensed medical marijuana facilities or be shut down.

“There were 250-plus at the

Read full article on Marijuana Business Daily

Follow us on Instagram or join us on facebook page

Be first to rate

Marijuana Business Daily
Source

More news