Adult-use Marijuana retailers in Massachusetts on Tuesday announced more than $1 billion in gross sales, according to the state’s mandatory seed-to-sale tracking system. At the close of business on Friday, October 30, aggregate data recorded in Metrc by 80 Marijuana Retailers operating statewide reached $1,000,521,905, coming nearly two years after the first two adult-use stores on the East Coast opened their doors on November 20, 2018. Over the first year of adult-use sales, from November 2018 to November 2019, 33 Marijuana Retailers generated $393.7 million in gross sales, before licensees ultimately tallied $444.9 million for the full calendar year of 2019.

Sean Hocking, Cannabis Law Report, 11/03/2020 20:39:04

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