Maryland Medical Marijuana Sales Hit $1 Billion Since Launch
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The industry is on pace to hit $550 million this year
Maryland’s medical marijuana industry in April reached more than $1 billion in total retail sales since launching 40 months earlier on Dec. 1, 2017.
The second billion dollars will take about half that time to reach, predicted Maryland Medical Cannabis Commission Executive Director William Tilburg, the Baltimore Business Journal reported.
Quarterly sales of $60.5 million in 2019 nearly doubled to quarterly sales of $115 million in 2020. Sales in the first three months of 2021 surpassed $135 million.
While the quarterly sales increase has slowed, Tilburg said the industry is on pace to hit $550 million in sales this year.
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