Recommended content

Massachusetts totals record $151.8 million in June marijuana sales

Sales of legal marijuana in Massachusetts reached new heights in June, when combined recreational and medical cannabis transactions totaled $151.8 million.

Marijuana sales increased by nearly 2.6% over May’s combined sales total.

ADVERTISEMENT

The June figure includes $132.8 million in adult-use marijuana sales and $19 million in MMJ sales, according to data from Massachusetts’ Cannabis Control Commission (CCC).

From Jan. 1 through July 2, adult-use marijuana retailers in Massachusetts sold $760.6 million worth of cannabis, the CCC data shows.

Medical marijuana treatment centers have sold $118.5 million worth of cannabis to patients and caregivers over the same period.

Meanwhile, CCC data shows that the average price of a gram of adult-use cannabis in Massachusetts fell to a new low of $5.82 in June.

By contrast, a gram sold for $14.34 on average in June 2020, illustrating the rapid decline in cannabis prices as the Massachusetts market

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