Cannabis sales in Massachusetts once again broke a year-over-year record for total statewide sales, with the industry reporting $1.56 billion in recreational, or nonmedical, cannabis sales in 2023 — a $78 million increase over 2022.
December was also a record month for adult-use cannabis sales at $140.1 million, according to the Cannabis Control Commission, the state agency that regulates the marijuana industry.
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Despite another record year, entrepreneurs say they still have concerns about the long-term stability of the industry. There are 338 marijuana retailers and 21 delivery businesses in operation in Massachusetts, and current business owners say they're concerned about the market reaching a saturation point, creating more supply than there is demand.
More on this story from Boston Business Journal
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