Rhode Island dispensaries bought greater than $100 million value of mixed medical and leisure hashish merchandise throughout the state’s first yr of adult-use operations, in response to information from the Rhode Island Department of Business Regulation.
Grownup-use hashish gross sales launched within the state on December 1, 2022, and the state’s month-to-month adult-use gross sales exceeded $7 million for the primary time in August, which additionally marked the yr’s peak complete gross sales of slightly below $9.7 million. In complete, the state bought $35.1 million value of medical hashish merchandise and $69.8 million value of adult-use merchandise throughout the first 12 months of leisure gross sales, which far exceeded preliminary projections of $50 million, MJBizDaily reported.
The boosted gross sales could possibly be attributed to the statewide legalization of hashish commercials halfway via the yr.
“A yr into adult-use hashish gross sales in Rhode Island, we’re happy with the cautious execution that outlined our entry into this trade. This success represents rising alternative for our state’s financial system but additionally for the practically 70 licensed cultivators, processors, and producers within the State of Rhode Island which we all know are integral to our native hashish provide chain.” Gov. Dan McKee (D), in a statement
Notably, the variety of registered medical hashish sufferers in Rhode Island fell from 15,062 final December to 10,037 in November.
Rhode Island, which handed its adult-use hashish legalization legislation in Could 2022, was the nineteenth U.S. state to undertake the reforms.
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