Massachusetts marijuana sales in June reached a record high of nearly $152 Million, the highest monthly amount since November 2018, when the adult-use market was launched.
The Cannabis Control Commission reported that medical marijuana sales totaled $19 million, and recreational cannabis sales reached $132.8. Since the opening of the adult-use market five years ago, 4.74 billion dollars has been spent in sales.
Adult consumers preferred flower products over vapes, pre-rolls or edibles. According to CCC , the average price of flower marijuana also fell to a new record low of $5.82 a gram in November.
Record sales in Connecticut are even more impressive, as adult-use markets have been expanding and coming online in neighboring states, such as New York and Connecticut. This would likely reduce the number of purchases by out-of-state tourists. Connecticut saw record marijuana sales in the last month. The state has been operating a recreational marijuana industry for six months.
Maryland launched its adult-use marijuana market this month. The first weekend saw marijuana sales surpass $10 million.
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Data from Massachusetts showed that for the first year, the state generated more tax revenue than alcohol.
CCC stated that “Marijuana Establishments, Medical Marijuana Treatment Centers, offer tested products, detailed packaging, and labeling about the product contents. They also provide statewide accessibility for adults and patients looking for alternatives to illicit markets, as well as adult-use cannabis taxes for key initiatives, including youth prevention campaigns, community reinvestment fund, and other important initiatives.”
This week, it was revealed that Massachusetts political strategists had quietly filed documents in order to place a therapeutic psychedelics initiative on the 2024 state ballot.
A Republican legislator has recently introduced three reform bills on psychedelics. These include proposals to legalize substances such as psilocybin, and reschedule MDMA, pending federal approval, while setting a cap on the price of therapeutic access.
Other legislators have introduced several pieces of legislation in Massachusetts to legalize entheogenic drugs for adults, as well as separate measures.
A second bill would allow the Department of Public Health (DPH) to conduct an extensive study on the therapeutic potential of synthetic psychedelics such as MDMA.
A North Carolina Republican Lawmaker Is “Very Certain” That the Medical Marijuana Act Won’t Move Forward This Session
The post Massachusetts Marijuana sales hit new record high of $152 million in June, with state nearing $5 billion in recreational purchases since market launch first appeared on Marijuana moment.
