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Massachusetts adult-use marijuana sales have officially surpassed $3 billion since the market launched in 2018, state officials reported on Wednesday.<\/p>\n
With 216 cannabis retailers and 11 delivery businesses operating across the commonwealth, the total gross sales for recreational marijuana reached $3,001,846,490 as of May 14.<\/p>\n
The Cannabis Control Commission (CCC) noted that it\u2019s only been eight months since the state reported that sales had exceeded $2 billion<\/a>.<\/p>\n Via CCC.<\/p>\n<\/div>\n \u201cThese sales figures illustrate the steady growth Massachusetts residents expected when they voted to legalize adult-use cannabis in 2016, and the Commission was appointed in 2017,\u201d CCC Executive Director Shawn Collins said<\/a> in a press release.<\/p>\n \u201cI\u2019m proud our staff continue to work diligently to ensure applicants move through our licensing process efficiently,\u201d Collins said. \u201cMarijuana Establishments operate within a safe, accessible, and effective regulated market, and our work to ensure equity in the industry and the agency remains front and center.\u201d<\/p>\n Today, @MA_Cannabis<\/a> announced adult-use Marijuana Establishments in MA surpassed $3 billion in gross sales, according to the information that licensees report in the state\u2019s mandatory seed-to-sale tracking system. <\/p>\n Learn more: https:\/\/t.co\/B2UuNZsfng<\/a><\/p>\n \u2014 Massachusetts Cannabis Control Commission (@MA_Cannabis) May 18, 2022<\/a><\/p>\n<\/blockquote>\n\n This year\u2019s cannabis holiday known as 4\/20 saw $5,986,186 in marijuana sales on that one day alone, which is more than $1 million more compared to April 20 of last year, CCC said. Massachusetts marijuana tax revenue is now also exceeding<\/a> that being generated from alcohol sales.<\/p>\n Further, the agency said that in 2021, there were $1,331,246,109 in cannabis purchases at the state\u2019s 194 retailers at the time. That year marketed the first time that \u201cMassachusetts\u2019 regulated cannabis industry surpassed $1 billion in gross sales in a single calendar year.\u201d<\/p>\n Massachusetts isn\u2019t the only state that\u2019s seeing a cannabis economic boom.<\/p>\n Earlier this month, Michigan officials announced that the state broke a marijuana sales record<\/a> in April, with nearly $200 million in cannabis purchases.<\/p>\n Illinois adult-use marijuana sales\u00a0reached nearly $132 million in April<\/a>, the second highest monthly total since the market launched in 2020 and another sign that the state\u2019s industry is stabilizing following a slump at the beginning of this year.<\/p>\n Arizona cannabis sales reached a new record<\/a> in its adult-use market in March, according to the state.<\/p>\n In Colorado, the state released sales data for March showing that\u00a0marijuana purchases rebounded in March<\/a>\u00a0after a prolonged slump this year. However, sales are still down from 2021 levels.<\/p>\n Altogether, states that have legalized marijuana for adult use\u00a0collectively generated more than $3.7 billion<\/a>\u00a0in tax revenue from recreational cannabis sales in 2021, according to a report from MPP.<\/p>\n State Marijuana Regulators Say Banking Fix Will Make Their Jobs Easier In Addition To Helping Businesses<\/a><\/p>\n<\/blockquote>\n\n Photo courtesy of Mike Latimer.<\/em><\/p>\n The post Massachusetts Adult-Use Marijuana Sales Officially Exceed $3 Billion, State Reports<\/a> appeared first on Marijuana Moment<\/a>.<\/p>\n
Massachusetts adult-use marijuana sales have officially surpassed $3 billion since the market launched in 2018, state officials reported on Wednesday. With 216 cannabis retailers and 11 delivery businesses operating across the commonwealth, the total gross sales for recreational marijuana reached $3,001,846,490 as of May 14. The Cannabis Control Commission (CCC)Continue Reading<\/a><\/span><\/p>\n","protected":false},"author":458,"featured_media":54773,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1335,18],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/54772"}],"collection":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/users\/458"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/comments?post=54772"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/54772\/revisions"}],"predecessor-version":[{"id":54774,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/54772\/revisions\/54774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media\/54773"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=54772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=54772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=54772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/cannabiscultivatornews.com\/home\/wp-content\/uploads\/2022\/05\/Screen-Shot-2022-05-18-at-9.49.02-AM-1024x280-1.png\")
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\nRead More: Massachusetts Adult-Use Marijuana Sales Officially Exceed Billion, State Reports<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"