Recommended content

Massachusetts Recreational Marijuana Sales Have Officially Exceeded $4 Billion, State Regulators Announce

Massachusetts adult-use marijuana sales have officially exceeded $4 billion since the state’s market launched in late 2018, regulators announced on Friday.

As of January 12, the state saw $4,000,732,608 in gross cannabis sales, according to data from the Cannabis Control Commission (CCC). This comes less than a year after Massachusetts hit the $3 billion mark, demonstrating continued growth in the industry.

The state currently has 265 retailers and 14 delivery services operating, and regulators track and publish data on sales through the commission’s Open Data Platform. In 2022 alone, the state sold $1,483,898,510 worth of marijuana.

That portal also shows separately that medical cannabis sales are positioned to reach $1 billion during the November 2018-January 2023 timeline, with the total purchase value currently at $975.4 million. Medical cannabis has been available in Massachusetts for longer than recreational, but regulators’ public data tracks both programs on the adult-use timeline.

Sales Dashboard

“Consumers’ demand for tested, quality cannabis products remains strong since Massachusetts became the first East Coast state to open adult-use stores in 2018 and delivery service in 2021,” CCC Executive Director Shawn Collins said in a press release. “As new jurisdictions come online, I

Read full article on Marijuana Moment

Follow us on Instagram or join us on facebook page

Be first to rate

Marijuana Moment

More news