Cannabis Control Commission: Pot Shops in Massachusetts Made Nearly $24M in First Two Months - NECN
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Cannabis Control Commission: Pot Shops in Massachusetts Made Nearly $24M in First Two Months

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    NEWSLETTERS

    Pot shops in Massachusetts have racked up nearly $24 million in sales since the first ones opened two months ago.

    That's according to the Cannabis Control Commission, the state's marijuana regulatory agency.

    The first retail stores in Massachusetts — and anywhere on the U.S. East Coast — began operations Nov. 20 in Northampton and Leicester. Several others have opened since.

    The commission reported aggregate gross sales of $23.8 million through Jan. 20, including $3.4 million in the most recent week.

    Third Marijuana Retailer Opens in Massachusetts

    [NECN] Third Marijuana Retailer Opens in Massachusetts

    Additional stores approved to open in Hudson, Pittsfield, Great Barrington and Fall River.

    (Published Sunday, Dec. 16, 2018)

    Since officials did not make forecasts for early recreational marijuana sales, there's no clear way to measure whether stores are exceeding or falling below expectations.

    Recreational pot is taxed at 17 percent by the state, with an additional 3 percent local tax.

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