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Massachusetts’ Rec. Dispensaries Make $24M in Their First 2 Months

Dispensary

By Associated Press

(AP) — Recreational marijuana dispensaries 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 commission reported aggregate gross sales of $23.8 million through Jan. 20, including $3.4 million in the most recent week. Recreational marijuana is taxed at 17% by the state, with an additional 3% local tax.

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.

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.

AP Photo/Ted S. Warren



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