Tuesday, September 12, 2023

Recreational sales hit 5 billion dollars in Ma

 Sales of adult-use marijuana hit the $5 billion mark in Massachusetts, where the executive director of the state’s Cannabis Control Commission shot down an earlier announcement that he is resigning.

Massachusetts cannabis regulators said sales have not slowed as more Northeastern states have implemented adult-use programs, according to the Worcester Business Journal.

In January, the state reached the $4 billion milestone since adult-use sales began in November 2018.

According to the Business Journal, regulators noted that the state’s recreational retailers took in $1 billion between January and August – the fastest that licensed sellers have generated that much in sales.

“Massachusetts continues to hit record sales even as other states have come online,” Shawn Collins, executive director of the Cannabis Control Commission (CCC), said in a statement.

“In fact, our neighboring states Maine, Rhode Island, and Connecticut also had record sales this summer.”


Post a Comment

Subscribe to Post Comments [Atom]

<< Home