Legal Adult Cannabis Sales in Massachusetts Surpass Half a Billion Dollars Since Legalization, Raising Approximately $100 Million in Tax Revenue

Legal Adult Cannabis Sales in Massachusetts Surpass Half a Billion Dollars Since Legalization, Raising Approximately 0 Million in Tax Revenue

  Analysis of state data finds regulated cannabis market is picking up steam, as average monthly sales increased 66% from the first half of 2019 to the second half BOSTON — Legal adult cannabis sales in Massachusetts have surpassed half a billion dollars and raised approximately $100 million in cannabis tax revenue since they commenced in November 2018, according to an analysis of state data released Friday by Vicente Sederberg LLP, a national firm specializing in cannabis law and policy.As of January 29, retailers had conducted approximately $509 million in adult cannabis sales, raising an estimated $86.5 million in tax revenue for the state government and an additional $15…

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Source : CANNANNEW REPORT
Link to original : Legal Adult Cannabis Sales in Massachusetts Surpass Half a Billion Dollars Since Legalization, Raising Approximately 0 Million in Tax Revenue
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