2023-07-13 15:58:49
Marijuana sales in Massachusetts they had an unprecedented month: in June alone, they skyrocketed to a record number of $151.8 million.
Including a mix of adult use and medical marijuana transactions, this record represents an increase of 2.6% compared to sales figures for May, reported MjBiz Daily.
What do the numbers say regarding marijuana sales in Massachusetts?
Data provided by the Massachusetts Cannabis Control Commission (CCC) revealed several key points.
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Las adult use marijuana sales represented USD 132.8 million, while the medical marijuana sales reached USD 19 million during the same period.
In the first six months of the year, the adult use marijuana retailers of Massachusetts recorded a staggering $760.6 million in sales, demonstrating the strong demand in the market.
In parallel, the medical marijuana treatment centers registered USD 118.5 million in sales to patients and caregivers during the same period.
As for the average price of a gram of cannabis for adult use, the data showed a new low of USD 5.82 in June, in stark contrast to the average price of USD 14.34 per gram recorded in June 2020.
Between March 2019 and July 2023, medical marijuana sales to patients and caregivers totaled $1.08 billion.
Cumulative sales figures since the legalization of adult-use cannabis in 2018 show that retailers generated $4.74 billion in gross sales.
Related content: US Report: Only 24.4% of Cannabis Companies Are Profitable
The continued growth of the Massachusetts cannabis industry demonstrates the thriving market and user interest, while declining prices reflect increased accessibility and competition among retailers.
Via To gasolinetranslated by El Planteo
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