News

Maryland Medical Marijuana Sales Hit $1 Billion Since Launch

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.

To Read The Rest Of This Article On MJ Biz Daily, Click Here

Stay up-to-date!

Get all the news and info straight into your inbox that you need to help grow your business.

Marijuana Retail Report, is a national daily online trade publication serving retailers of marijuana products and accessories. News and information are geared strictly to select retail channels, with distribution limited to licensed collectives, recreational retailers, accessories retailers, and wholesalers.

Newsletter

Stay informed with the most up-to-date industry news to help you grow your business: subscribe to our newsletter below!


To Top