Massachusetts Recreational Marijuana Sales Have Officially Exceeded $4 Billion, State Regulators Announce
by benny yang on Jan 29, 2023
As of January 12, the state saw $4,000,732,608 in gross cannabis sales, according to data from the Cannabis Control Commission (CCC). This comes less than a year after Massachusetts hit the $3 billion mark, demonstrating continued growth in the industry.
The state currently has 265 retailers and 14 delivery services operating, and regulators track and publish data on sales through the commission’s Open Data Platform. In 2022 alone, the state sold $1,483,898,510 worth of marijuana.
Regulators also emphasized their ongoing commitment to promoting equity in the industry, pointing out that there are currently “18 Economic Empowerment Applicant (EEA) licensees, 29 Social Equity Program (SEP) Participant licensees, and 50 Disadvantaged Business Enterprises—or state-certified minority-, woman-, or veteran-owned companies – of varying business types.”
“Meanwhile, the Commission is preparing this year to launch the fourth cohort of the SEP, a free statewide technical assistance and training program aimed at benefitting those who have been disproportionately harmed by marijuana prohibition and enforcement and seek participation in the legal industry,” it says. “To date, nearly 900 Participants have benefited from the program.”
Massachusetts data also showed for the first time last year that the state is generating more tax revenue from marijuana than alcohol.
Meanwhile, Michigan marijuana sales reached a record high in December, recent state data shows. While medical cannabis purchases have gradually declined, the adult-use market has more than made up for that drop, with total sales hitting $221.7 million last month.
Arizona’s marijuana market has seen similar trends, with the state recently announcing that cannabis sales reached a record high in October. Medical marijuana purchases are also declining in the state, but the recreational market is on an upward trajectory.
Illinois marijuana sales hit a record high of more than $1.5 billion in 2022—and this past December marked the strongest sales month to date—officials announced earlier this month.
Back in Massachusetts, a lawmaker recently filed a bill to broadly decriminalize drug possession for the 2023 session.