Marijuana Sales in Massachusetts Hit $4 Billion!

The Cannabis Control Commission reported on Friday that since the first pot shops opened in November 2018, more than $4 billion worth of marijuana items have been sold.

Ava Concepcion, the commissioner of the state’s cannabis program, recently told WBZ-TV, “This industry is rapidly growing, it’s big, and it’s not going anywhere.” We are now the state’s most valuable crop, even more so than cranberries.

Massachusetts marijuana sales surpass $4 billion

In 2016, voters approved legalization of recreational cannabis usage, and the industry quickly followed.

According to statistics compiled by the Cannabis Control Commission, retail sales of marijuana have topped $85 million so far in 2023.

Thestate levies a 10.75% excise tax and a 6.25 % sales tax on all marijuana purchases. Local governments are permitted to levy an additional 3% sales tax.


Mohit Sharma

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