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Home»Business & Industry»Massachusetts Marijuana Sales Hit New Record High Of $152 Million In June, With State Nearing $5 Billion In Recreational Purchases Since Market Launch
Business & Industry

Massachusetts Marijuana Sales Hit New Record High Of $152 Million In June, With State Nearing $5 Billion In Recreational Purchases Since Market Launch

July 11, 2023No Comments3 Mins Read
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Massachusetts marijuana gross sales reached practically $152 million in June—a report month-to-month excessive for the reason that state’s adult-use market launched in November 2018—state information exhibits.

The Hashish Management Fee (CCC) reported that leisure hashish gross sales hit $132.8 final month, whereas medical marijuana purchases amounted to $19 million. The state has now seen $4.74 billion in adult-use gross sales for the reason that market opened 5 years in the past.

Flower merchandise remained the most well-liked alternative for grownup customers, adopted by vape merchandise, pre-rolls, edibles and concentrates. The typical worth of flower hashish additionally dropped to a report low of $5.82 per gram final month, in accordance with the CCC data.

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The report gross sales are all of the extra notable on condition that adult-use markets are coming on-line and increasing in surrounding states like Connecticut and New York, too, which presumably would scale back purchases from out-of-state guests. Connecticut additionally noticed report excessive marijuana gross sales final month, at $24 million for the sixth months for the reason that opening of the state’s leisure trade.

In one other East Coast growth, Maryland’s adult-use hashish market launched this month. Marijuana gross sales topped $10 million through the opening weekend.

—
Marijuana Second is monitoring greater than 1,000 hashish, psychedelics and drug coverage payments in state legislatures and Congress this yr. Patreon supporters pledging a minimum of $25/month get entry to our interactive maps, charts and listening to calendar in order that they don’t miss any developments.

Study extra about our marijuana invoice tracker and change into a supporter on Patreon to get entry.
—

In Massachusetts, information additionally confirmed for the primary time final yr that the state is producing extra tax income from marijuana than alcohol.

“Marijuana Institutions and Medical Marijuana Remedy Facilities provide examined merchandise with detailed packaging and labeling details about product contents, statewide entry for adults and sufferers looking for options to the illicit market, and adult-use hashish tax income for key initiatives together with youth prevention campaigns and neighborhood reinvestment funds,” CCC stated.

In the meantime, it got here to mild this week that political strategists in Massachusetts have quietly filed paperwork to place a therapeutic psychedelics legalization initiative on the state’s 2024 poll.

Within the legislature, a Republican lawmaker not too long ago filed three psychedelics reform payments, together with proposals to legalize substances like psilocybin and reschedule MDMA pending federal approval whereas setting a worth cap on therapeutic entry.

There are a number of different items of psychedelics laws which were launched in Massachusetts for the session by different legislators, together with separate measures to legalize sure entheogenic substances for adults.

One other invoice would authorize the Division of Public Well being to conduct a complete examine into the potential therapeutic results of artificial psychedelics like MDMA.

The submit Massachusetts Marijuana Gross sales Hit New Document Excessive Of $152 Million In June, With State Nearing $5 Billion In Leisure Purchases Since Market Launch appeared first on Marijuana Second.

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Billion High hit June launch Marijuana market Massachusetts million Nearing Purchases Record Recreational Sales State
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