Massachusetts Cannabis Sales Soar Past $6B Record, Canada Sees Steady 1.7% Year-Over-Year Growth

In an era of blossoming cannabis markets, North America stands out with significant milestones as Massachusetts and Canada reveal positive sales figures.

Massachusetts’ Green Milestone: Surpassing $6 Billion

Massachusetts has set an impressive record, with cannabis establishments collectively crossing the $6 billion threshold in gross sales. Not surprisingly, a single-day sales record was smashed on April 20, as cannabis enthusiasts celebrated, amassing $8.5 million in transactions, noted a press release from the Cannabis Control Commission (CCC). This robust growth signals not just a triumph for the industry but also for the economic and regulatory frameworks in place.

"I continue to be encouraged by these sales milestones because they show that the industry is strong and efficiently regulated, both spurring economic development and critical tax revenue for the Commonwealth and providing safe, tested products for consumers and patients alike," said Ava Callender Concepcion, acting chair of the CCC.

Read also: Massachusetts’ Cannabis Market Hits Record Highs, Faces Regulatory Challenges, And More

According to the CCC's sales and product distribution data, medical cannabis made $62.5 million in sales in 2024. Massachusetts' delivery operators are also thriving, generating $3.1 million in sales in 2024 and contributing $26.3 million in sales to the state’s cannabis market since their first deliveries in 2021.

Canada’s Slow Climb: Provincial Perspectives

Across the northern border, Canada’s retail cannabis sales are showing modest growth. According to the latest release from Statistics Canada, the nation tallied over CA$376 million ($274.9 million) in February 2024 alone, showcasing a resilient industry despite fluctuating global economic currents.

Ontario leads the charge with CA$145,7 million ($106 million), followed closely by Alberta and British Columbia, underscoring a nationwide embrace of cannabis products.

Geography	Feb-23	Feb-24	YoY Sales Growth %
Nova Scotia	CA$ 8,4 million	CA$ 12,6 million	49.1%
Newfoundland and Labrador	CA$ 5,6 million	CA$ 7,0 million	26.3%
Yukon	CA$ 788 thousand	CA$ 968 thousand	22.8%
Manitoba	CA$ 14,3 million	CA$ 16,8 million	17.2%
New Brunswick	CA$ 6,1 million	CA$ 7,0 million	14.9%
Prince Edward Island	CA$ 1,7 million	CA$ 1,9 million	12.2%
Alberta	CA$ 65,0 million	CA$ 72,0 million	10.8%
Quebec	CA$ 45,1 million	CA$ 49,0 million	8.5%
Saskatchewan	CA$ 13,5 million	CA$ 13,4 million	-0.4%
Ontario	CA$ 151,1 million	CA$ 145,7 million	-3.6%
British Columbia	CA$ 56,8 million	CA$ 48,3 million	-15.0%

However, despite the 1.7% year-over-year growth in the cannabis sector, Canada’s sales have seen a downtrend for the second consecutive month:

As Canada grapples with a two-month sales dip and Massachusetts celebrates its record sales, these fluctuations depict a nuanced canvas of North America’s cannabis industry, evolving with consumer trends and regulatory landscapes.

Read also: Cannabis Companies’ Gains – U.S. Versus Canada: Averages Can Be Deceiving, Irrational Market Behavior To Blame?