Cumulative adult-use cannabis sales in Massachusetts exceeded $10 billion, according to data from the Massachusetts Cannabis Control Commission. The industry generated roughly $2 billion in state and local taxes combined.
Massachusetts adult-use cannabis sales surpass $10 billion cumulative mark
Cumulative adult-use cannabis sales in Massachusetts exceeded $10 billion, according to data from the Massachusetts Cannabis Control Commission. The industry generated roughly $2 billion in state and local taxes combined.
Massachusetts voters approved legalization of recreational marijuana via ballot initiative in 2016. The first adult-use dispensaries opened in 2018.
Monthly sales have grown steadily. June recorded the highest single month with $156 million in sales. The industry now averages around $1 billion annually.
Cannabis purchases are subject to the state's 6.25 percent sales tax and a 10.75 percent excise tax. Cities and towns hosting a cannabis business may also impose a 3 percent local tax.
The Massachusetts Cannabis Control Commission adopted regulations for social consumption sites—venues where customers can purchase and consume cannabis on premises—at the start of the year. The commission anticipates the first social consumption licenses will be issued by early 2027, initially through pre-existing dispensaries. Two additional license types are under development to permit cannabis consumption at eligible events and festivals, and to allow non-marijuana businesses to partner with cannabis retailers for social consumption.
- The source does not state the precise date when the $10 billion cumulative figure was reached.
- The source does not break down the $2 billion in taxes by state versus local collections.
- The source does not provide sales figures for individual months prior to June or for July and August.
- The source does not name other Cannabis Control Commission members or provide other perspectives on the sales milestone or social consumption regulations.
Read the original at Mass Cannabis Control Commission