Massachusetts sets adult-use cannabis sales mark with $1.56 billion in 2023
Massachusetts cannabis sales broke records in 2023 for the sixth year in a row, and December was the best month ever.
Massachusetts cannabis sales broke records in 2023 for the sixth year in a row, and December was the best month ever.
Colorado’s cannabis sales continue to slump in 2023, with transactions in every month bringing in less than the same month last year.
Rhode Island regulators have adjusted cannabis sales figures from several monthly reports dating to the launch of adult-use retail in late November.
Monthly marijuana sales in Missouri shrank slightly to $119 million in August, but sales in Montana reached a high of nearly $28.7 million.
Marijuana advocates in New Jersey are questioning why Curaleaf Holdings is reducing production in a state that has some of the highest cannabis prices in the United States – a sign the market isn’t as well-supplied as the company says it is.
The regulated cannabis industry in the United States is well into its second decade, but how products, brands and consumers are evolving remains fluid.
New product types and cannabis consumers are created every day, while sales experts report that veteran users are buying more and seeking greater variety.
In Colorado, the 10 biggest marijuana businesses account for more than 70% of cannabis sales, according to MJ consultant Chris Cox.
The same will eventually be true in California, where the top 10 companies account for more than 30% of marijuana sales, says Cox, a partner with Sacramento-based cannabis consultancy BeGreenLegal.
Colorado marijuana sales have been on a sharp decline over the past year, and April marked the 11th month in a row for the downward trend.
Canada’s recreational marijuana sales could reach 4.8 billion Canadian dollars ($3.8 billion) this year, which would be 19% more than 2021’s estimated figure, a new report from ATB Capital Markets anticipates.
Struggling Canadian marijuana giant Canopy Growth is shaking up its senior management team only weeks after notifying shareholders it no longer expects to be profitable this year.
Canadian cannabis sales were nudged higher in September largely by growth in one province, Ontario, according to the latest data provided by Statistics Canada.