Cannabis retailers in Maryland broke another record last month, selling nearly $92 million worth of products during August, the state’s second month of legal adult-use sales. That’s a jump from July’s $87 million in receipts and more than double the typical sales numbers from when the market was open only to medical patients.
Newly released data from the Maryland Cannabis Administration (MCA) indicates that licensed stores sold more than $91.7 million last month, overwhelmingly in the form of smokeable flower ($55.1 million). After that came concentrates ($24.7 million), infused edibles ($6.2 million), infused non-edibles ($5.2 million), shake or trim ($512,991), and cannabis plants themselves ($9,588).
Cannabis sales surged in the state in July as a law took effect, allowing the state’s existing medical dispensaries to begin selling to all adults 21 and older. With nearly a hundred dispensaries opening to adult-use sales at once, retailers sold more than $10 million worth of cannabis products on opening weekend.
Much of the state’s market is dominated by so-called multi-state operators, or MSOs—corporate cannabis companies doing business in multiple jurisdictions. Among them, Curaleaf, Verano, Green Thumb Industries (GTI), TerrAscend, and Ascend saw the highest sales numbers in Maryland last month, according to Jesse Redmond, head of cannabis at Water Tower Research.
Read more at marijuanamoment.net