Massachusetts adult-use marijuana sales top $4 billion since launch
Marijuana retailers in Massachusetts have eclipsed $4 billion in sales since the state launched adult-use retail in November 2018.
Massachusetts Medical Cannabis News
Marijuana retailers in Massachusetts have eclipsed $4 billion in sales since the state launched adult-use retail in November 2018.
Marijuana multistate operator Curaleaf Holdings said Thursday that it will shutter the majority of its operations in three Western U.S. states – California, Colorado and Oregon – and reduce its workforce by 10%, another sign of ongoing difficulties for the cannabis market as a whole.
Marijuana multistate operator MariMed closed a $35 million secured credit facility to complete expansion projects in multiple states and pay off notes from a previous acquisition.
Several cannabis companies have added marijuana seeds to their line of product offerings – even though the move, at first blush, might seem counterintuitive.
2022 saw a wave of layoffs in the cannabis industry. Its pressures are uniquely challenging and there’s no end in sight in 2023.
In the spirit of “a picture is worth 1,000 words,” here are charts and maps that visualize a few of the cannabis industry trends that MJBizDaily saw in 2022.
Similar to Colorado, Michigan, Oregon and Washington state, Massachusetts has too much cannabis on the market and demand can’t keep up with supply, causing prices across several sectors to fall by up to 50% since this time last year.