Marijuana Sales In Massachusetts Approach $140 Million, Report Says
DENVER (AP) -- Sales of adult-use marijuana in Massachusetts have reached nearly $140 million through the end of May.
Marijuana Business Daily reports that sales continue to rise through six months of operations following a November 2018 launch.
Massachusetts was the first Eastern seaboard state to legalize recreational use and retailers were expected to benefit from out-of-state traffic in addition to local sales.
The Lakewood, Colorado, publication reports that Massachusetts retailers have seen average month-over-month sales increases of 21% between the first full month in December 2018 and May 2019, when sales were $34 million.
Average monthly sales in the state are just under $23 million.
The state's aggregate of $139 million comes from sales of more than 3 million units of cannabis products averaging per-unit spending of $44.
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Information from: Marijuana Business Daily, http://www.mjbizdaily.com
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