Adult-use sales in Massachusetts on January 12 surpassed $4 billion since the market’s 2018 launch, the state Cannabis Control Commission announced last week. The sales were generated through 265 retail dispensaries and 14 delivery businesses. The state only began allowing delivery in 2021.
In a statement, commission Executive Director Shawn Collins noted that demand for cannabis in the commonwealth “remains strong.”
“As new jurisdictions come online, I am confident that licensees in the commonwealth will maintain the competitive edge by demonstrating to peers what it takes to operate a safe, effective, and equitable cannabis industry.” — Collins in a statement
The agency indicated there has so far been 18 Economic Empowerment Applicant licensees, 29 Social Equity Program Participant licensees, and 50 Disadvantaged Business Enterprises – or state-certified minority-, woman-, or veteran-owned companies – issued to date and that 900 participants have benefitted from the state’s technical assistance and training program for social equity applicants.
Adult-use cannabis sales in Massachusetts surpassed the $3 billion mark on May 18, 2022.
In 2022, 71 new cannabis retailers opened for business across the state, along with three Marijuana Couriers and four Marijuana Delivery Operators. In total, they generated $1,483,898,510 in sales for the calendar year.
The agency said social consumption licenses could be awarded this year.
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