Update: Massachusetts Marijuana Establishments Surpass $2 Billion in Gross Sales


On eve of Commission’s fourth birthday, Marijuana Establishments surpass $2 billion in gross sales since retail stores opened in Massachusetts; progress continues to achieve industry goals WORCESTER—On the eve of Wednesday, September 1, the Cannabis Control Commission (Commission)’s fourth birthday, adult-use Marijuana Establishments in Massachusetts surpassed $2 billion in gross sales, according to information reported in the state’s mandatory seed-to-sale tracking system, the agency announced today. At close of business on Tuesday, August 31, aggregate data recorded in Metrc by 165 Marijuana Retailers and three delivery businesses operating statewide reached $2,009,007,478 in gross sales, coming less than three years after the first two adult-use stores on the East Coast opened their doors November 20, 2018 and less than one year since licensees surpassed the $1 billion mark November 3, 2020. “As the Commission reflects on our four years of work, I hope the Commonwealth is proud of the agency we have built and the new industry that has been introduced and established,” said Commission Executive Director Shawn Collins. “This milestone speaks to the success of licensees that have interacted with the Commission from the application stage, maintained compliance with our strict regulations, and contribute every day to communities across the Commonwealth. This number also underscores the entire agency’s tireless efforts, particularly those of our hardworking staff, to thoughtfully regulate a safe, accessible, and effective adult-use marketplace that keeps critical tenets of our mission – public health, public safety, and equity, among others – front of mind.” Over the first year of adult-use sales, from November 2018 to November 2019, 33 Marijuana Retailers generated $393.7 million in gross sales, before licensees ultimately tallied $444.9 million for the full calendar year of 2019. And despite being closed for two months in 2020 due to the COVID-19 public health emergency in Massachusetts, 89 Marijuana Retailers generated $714.1…

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Source : Update: Massachusetts Marijuana Establishments Surpass Billion in Gross Sales

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