Adult-Use Marijuana businesses in Massachusetts pass $4 Billion in sales
MASSACHUSETTS - Adult-use marijuana establishments in Massachusetts surpassed $4 billion in gross sales, the Cannabis Control Commission announced Friday.
Data from 265 marijuana retailers and 14 delivery businesses statewide showed on Jan. 12, 2023, gross sales of $4,000,732,608 have been generated since the first two adult-use retail stores in the state opened on Nov. 20, 2018.
“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,” commission executive director Shawn Collins said. “As new jurisdictions come online, I am confident that licensees in the Commonwealth will maintain the competitive edge by demonstrating to peers what it takes to operate a safe, effective, and equitable cannabis industry.”
This milestone comes less than one year since the agency announced that licensees had surpassed the $3 billion mark on May 18, 2022, and several months past the Commission’s fifth anniversary.
Over the past year (1/1/2022 to 12/31/2022), 71 Marijuana Retailers opened for business in the state, in addition to three Marijuana Couriers and four Marijuana Delivery Operators. In total, they generated $1.4 billion in sales for calendar year 2022.