Marijuana retailers in Massachusetts recorded $1.65 billion in gross sales of adult-use merchandise between Jan. 1, 2024, and Jan. 5, 2025.
That’s in response to information from the state’s Hashish Management Fee, which famous that leisure hashish gross sales in December 2024 reached $140.2 million, the third-highest month-to-month complete since Massachusetts legalized an adult-use market in November 2018.
Different prime gross sales months have been August 2024 ($147.6 million) and July 2024 ($142.8 million).
In the course of the week ended Jan. 5, 2025, flower represented 40.5% of gross sales, vapes 19% and pre-rolls 12.6%, adopted by edibles and concentrates.
In April, Massachusetts hashish regulators introduced that adult-use gross sales had surpassed $6 billion because the market launched.
In accordance with the newest figures, leisure hashish gross sales in Massachusetts now prime $7.2 billion.
Regardless of the monumental gross sales figures, Bruce Stebbins, appearing chair of the CCC, instructed regional cable community Spectrum Information 1 that the market continues to be growing.
“That is nonetheless a brand new trade,” he stated.
“We’re excited in regards to the numbers, however we notice that our consideration and our work doesn’t cease.”
Throughout the identical interval of Jan. 1, 2024-Jan. 5, 2025, retail gross sales at medical marijuana remedy facilities reached $190.3 million.
It is not uncommon for medical marijuana gross sales figures to fall as soon as states launch adult-use markets.
Whereas medical marijuana merchandise usually are larger in efficiency – and, in lots of states, such purchases are exempt from gross sales tax – acquiring an MMJ registration sometimes includes paying a payment.
