Massachusetts’ Cannabis Market Hits Record Highs, Faces Regulatory Challenges, And More
Massachusetts‘ cannabis industry saw unprecedented growth in 2023, with total sales nearing $1.8 billion, a significant milestone highlighting the industry’s robust expansion in the state. December alone brought in $158.7 million in marijuana sales, with adult-use cannabis contributing the lion’s share at approximately $1.57 billion, or 87% of the annual total.
Medical marijuana sales also substantially increased, adding around $226 million to the year’s figures. The peak of adult-use sales in December reached $140 million, complemented by $18.6 million from medical sales, Marijuana Moment reports.
Addressing The THC-Infused Hemp Product Conundrum
Amidst the booming market, Massachusetts lawmakers are tackling regulatory gaps concerning THC-infused hemp products, which, despite their illegal status, have been found in various retail outlets—a legislative hearing led by State Sen. Michael Moore spotlighted the issue, with discussions centered on enforcement …