Combined adult-use and medical marijuana sales in Rhode Island totaled $105 million in the year since recreational retail sales launched in December 2022.
The yearlong retail sales total includes $69.8 million in adult-use sales and $35.1 million in medical marijuana transactions, according to data published by the Rhode Island Department of Business Regulation (DBR).
ADVERTISEMENT
The adult-use total exceeds the $50 million in sales projected by the 2023 MJBiz Factbook for the first year of recreational retail.
November marijuana sales totaled $9.2 million, including $6.9 million in adult-use sales and $2.3 in MMJ sales.
Combined monthly sales total declined 2.5% from October and peaked at $9.7 million in August.
Rhode Island Gov. Dan McKee praised the “careful execution that defined our entry into this industry” in a statement published by the Rhode Island Cannabis Control Commission (CCC).
“This success represents growing opportunity for our state’s economy but
Read full article on Marijuana Business Daily