Connect with us


Massachusetts Recreational Marijuana Sales Are About To Cross The $4 Billion Mark



In May, Massachusetts topped the $3 billion mark in sales and is poised to eclipse $4 billion in sales in the coming weeks.

By Brent Addleman, The Center Square

Adult-use marijuana sales in Massachusetts continue to stuff state coffers with cash from tax revenue.

The Massachusetts Cannabis Control Commission reports that through December 18, the state saw $1.42 billion in adult-use marijuana sales this year for those residents over the age of 21. On the medical marijuana side of the industry, the state saw $260.2 million over the same time period.

With adult-use marijuana sales taxed at 6.25 percent, Massachusetts saw $88.75 million in tax revenue generated through December 18. Another $152.65 million was generated from the state’s 10.75 percent excise tax. Plus, potentially up to $42.6 million could have been generated through 3 percent local use option taxes.

Medical marijuana sales are not taxed in Massachusetts, provided the patient uses their card at the time of purchase.

Since adult-use and medical marijuana sales began on November 5, 2018, Massachusetts has witnessed a grand total of $3.9 billion in sales through December 18. Medical marijuana sales in the state reached $962.3 million over the same time period.

July and August saw the highest sales totals of adult-use marijuana at $132.5 million and $130.8 million, respectively. In October, the state saw $127.1 million and $122.2 million in sales were recorded in November. Through the first 18 days of December, sales were recorded at $73 million.

For the week of December 12-18, $28.6 million in sales were conducted, with $11.195 million being spent on flower; $6.056 million on vape products; and $4.393 million for raw pre-rolled cigarettes.

As sales waned slightly toward the end of the year, the price of raw flower dropped over the course of the year. In January, a gram of cannabis sold for $12.64 while in December that price dropped to $8.07 per gram.

In May, Massachusetts topped the $3 billion mark in sales and is poised to eclipse $4 billion in sales in the coming weeks. Adult-use marijuana was legalized by voters through a ballot referendum in 2016 and sales began two years later, as previously reported by The Center Square.

Massachusetts had been an oasis for adult-use marijuana in New England, but Vermont and Connecticut legalized marijuana in 2021, and Rhode Island legalized it this past summer.

This story was first published by The Center Square.

GOP Congresswoman Files Bill To Provide Federal Tax Relief For Marijuana Businesses By Amending IRS’s 280E Code

Marijuana Moment is made possible with support from readers. If you rely on our cannabis advocacy journalism to stay informed, please consider a monthly Patreon pledge.
Become a patron at Patreon!

Marijuana News In Your Inbox

Support Marijuana Moment

Marijuana News In Your Inbox

Marijuana Moment