Business
Three Northeastern States Set Monthly Marijuana Sales Records In July
Marijuana sales are booming in the Northeast, with three states in the region—Maine, Massachusetts and Rhode Island—all hitting new records in July.
Maine retailers sold $20.8 million in cannabis in July, which is the third month of record-setting totals in a row. So far in the first half of the year, the state has seen more than $118 million in marijuana sales, setting the stage for a new yearly high compared to the 2022 total of about $159 million.
Via Maine Office of Cannabis Policy.
In Massachusetts—the most mature market of the three states—adult-use cannabis sales reached a record $136 million last month, according to the Cannabis Control Commission (CCC). That’s in addition to $18.7 million in medical cannabis purchases, for a total of $154.7. This is the third month in a row that the state has seen record highs in the market, with June setting the prior record at about $152 million.
Massachusetts' adult-use Marijuana Retailers set a new record for sales in a single month, generating $136 million in July 2023. That surpasses the all-time high of $132.9 million they just achieved in June. Visit our Open Data Platform for more info: https://t.co/Y9KqkVtI1l pic.twitter.com/XPjszbmyb8
— Massachusetts Cannabis Control Commission (@MA_Cannabis) August 9, 2023
The state’s year-to-date sales is $915.1 million, indicating that Massachusetts will cross the $1 billion mark for the year by the end of this month.
Rhode Island retailers sold $6.8 million worth of recreational cannabis last month. The state has set monthly adult-use sales records every month since the recreational marijuana market launched in December. Another $2.7 million in medical cannabis products were purchased, for a record monthly total of $9.5 million.
As markets continue to come online and mature in states across the Northeast, it’s become clear that there’s ample consumer demand. And with increased legal access, it appears that more people are making the transition to their state markets and away from illicit or out-of-state sales.
Connecticut’s July sales total haven’t been released yet, but the state reached a record $24 million in marijuana purchases in June, which marked the sixth month since its adult-use program started.
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Outside of the Northeast, Illinois retailers sold $140 million worth of recreational marijuana products in July—the strongest sales of the year and second highest monthly total for the state since the adult-use market launched in 2020.
Maryland legal cannabis sales also hit a high of $87.4 million in July, the first month since the recreational market launched, state data shows. In the first weekend of adult-use sales alone, the state yielded over $10 million in combined medical and recreational purchases.
Missouri has been selling about $4 million worth of marijuana per day on average since the state’s adult-use market opened up in February—and the state saw a record $121.2 million in cannabis purchases in June.
Michigan marijuana sales reached a record of nearly $261 million in June, state data shows.
Top German Official Expects Federal Cabinet To Approve Marijuana Legalization Bill ‘Next Week’
Photo courtesy of Mike Latimer.
