Each state in New England legalized cannabis at a different point in time including a few states that launched recreational sales within the last 6 months. Some are seeing stronger sales than others including Maine and Vermont. Vermont officials recently published sales data showing that roughly $6.5 million worth of cannabis was sold during February 2023. This represents a 6.9% increase from January’s sales data according to calculations published by Heady Vermont. The Office of Cannabis Policy in Maine has released figures that show adult-use sales of cannabis doubled during 2022 while the number of medical marijuana providers has dwindled. With the average price of cannabis now around $8 a gram in Maine a number of caregivers have shut down due to market conditions a hyper-competitive market. In comparison, Connecticut’s medical marijuana sales currently exceed adult-use sales and Rhode Island officials have also noticed that sales have not met expectations.
Find the full story from Heady Vermont on their website here: https://headyvermont.com/2023/05/03/vermont-cannabis-sales-hit-record-high-of-6-5-million-in-february-state-data-shows/
Learn more about the shift in Maine’s cannabis market from News Center Maine here: https://www.newscentermaine.com/video/news/state-of-cannabis-stax-530-pkg/97-ed83a764-f170-4b85-a24a-dc46624eb459
