Massachusetts Cannabis Sales Decline Slightly In June, Despite Annual Quarterly Growth
Data released by the Massachusetts Cannabis Control Commission (CCC) showed that legal cannabis sales dipped slightly in June, marking a 2% month-over-month decrease from $155 million in May to $152 million. Despite this slight contraction, the daily sales figures actually increased by 2%, adjusting for fewer shopping days in June compared to May.
Massachusetts Cannabis Sales And Price Trends
This nuanced performance continues a trend of steady growth on a quarterly basis, with Q2 2024 reporting $457 million in sales, a 4% increase from $441 million in the previous quarter. Annually, this represents a modest 2% growth from $447 million in Q2 2023.
The CCC’s data show price dynamics within the market have also shifted, with the average price per gram of cannabis reaching a record low of $5.06 in June, the lowest since such records began in January 2020. This price reduction comes amid an expanding …