Massachusetts adult-use marijuana retailers bought greater than $6 billion in merchandise for the reason that program launched in 2018.
Mixed with medical marijuana gross sales, the whole quantity is about $7 billion as of April 17, based on Spectrum Information 1.
This previous 4/20 set a single-day gross sales file at $8.5 million, based on a Hashish Management Fee (CCC) information launch.
“I proceed to be inspired by these gross sales milestones as a result of they present that the business is powerful and effectively regulated, each spurring financial improvement and important tax income for the Commonwealth and offering protected, examined merchandise for shoppers and sufferers alike,” CCC Appearing Chair Ava Callender Concepcion mentioned in a press release.
In the meantime, the CCC printed the ultimate variations of its Mannequin Host Neighborhood Settlement (HCA) and up to date steering paperwork relative to licensure and HCAs.
The CCC agreed in December to overtake the state’s marijuana supply guidelines by easing its two-person requirement.
“With a wave of recent statutory and regulatory adjustments starting to take form in Massachusetts, I’m assured that our business is well-positioned to proceed adapting, increasing, and creating extra equity-driven pathways for people pursuing their entrepreneurial and profession aspirations,” Concepcion mentioned.
To that finish, after many delays, the state final week launched its social fairness fund to help small marijuana companies.
This system is funded by hashish excise and gross sales taxes.