For the fourth month in a row, Massachusetts has broken its record for adult-use cannabis sales.
Adult-use cannabis businesses in Massachusetts have hit another milestone, surpassing $5 billion in gross sales on August 31, according to the Massachusetts Cannabis Control Commission (Commission).
The record-breaking sales follow previous record sales in June, July, and August.
The Commission has stated that licensees surpassed the $4 billion mark eight months prior to surpassing $5 billion, making it the shortest period for Massachusetts businesses to generate another $1 billion dollars in gross sales.
Commission Executive Director, Shawn Collins, stated: “Massachusetts continues to hit record sales even as other states have come online. In fact, our neighboring states Maine, Rhode Island, and Connecticut also had record sales this summer.
“Demand for tested, quality cannabis products remains strong in the region, and consumers shopping in other states have not impacted Massachusetts’ success.”
Aggregate data recorded in the state’s seed-to-sale tracking system shows that on August 31, $5,001,227,188 in gross sales had been generated, and since January, 53 cannabis retailers have opened for business across the Commonwealth, in addition to four cannabis delivery operators.
As of September 3, operating cannabis establishments have generated $1,046,732,984 in sales so far for 2023.
The Commission has said that the $5 billion sales milestone comes at a “pivotal time, including the Commission’s sixth anniversary”.
A regulatory review process is now underway to implement Chapter 180 of the Acts of 2022 which focuses on equity in the industry.