“The dramatic rise in retail marijuana sales is likely not so much a reflection of increased consumer demand, but of consumers shifting from the illicit market to the above-ground legal marketplace.”
Tag: retail sales
Senate members passed an initial version of the bill in 2019, while House members passed an amended version of the measure in February.
Sales of adult-use cannabis products in Illinois rose over 20 percent in July to reach a record high.
“One unanticipated effect of the COVID-19 pandemic has been the growth acceleration of legal cannabis markets (and erosion of the illicit markets) in those states which have activated both medical and adult-use sales.”
Senate-backed legislation to regulate retail sales of marijuana to adults continues to advance in Vermont.
Licensed storefronts are now eligible to engage in retail cannabis sales to adults. The first adult-use sales began on Sunday, December 1.
Regulators at the Maine Office of Marijuana Policy affirmed this week that they expect adult-use marijuana sales to begin in the spring of 2020.
Democratic Gov. Janet Mills on Thursday signed legislation finalizing regulations governing the licensed production and retail sale of cannabis to adults. With the passage of the new rules, it is estimated that marijuana retailers may be operational by March 2020.