MA: Over $440,000 in Legal Marijuana Purchased in First Day of Legal Sales With Just Two Outlets Open
With just two outlets open, there was over $440,000 worth of marijuana and marijuana products purchased legally in Massachusetts on Tuesday, the first day of legal sales.
According to the state’s Cannabis Control Commission, over 10,000 individual marijuana-related items (whether it be dried flower, tincture or some other product) were sold during the first day of legal sales. The total value of these products is over $440,000, resulting in over $88,000 in tax revenue for the state (which taxes marijuana at 20%).
These sales came from just two marijuana outlets, located in Leicester and Northampton. Additional outlets are expected to open in the coming weeks and months.
The start of legal sales on Tuesday comes a little over two years after voters approved an initiative to legalize marijuana in 2016. The initiative allows those 21 and older to possess and grow marijuana, and allows them to purchase the plant at a licensed marijuana retail outlet.