Rhode Island Marijuana Retailers Shatter Monthly Sales Record, Capping Off $100 Million In Cannabis Purchases In 2023 ⋆ Patriots Hemp

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Rhode Island Marijuana Retailers Shatter Monthly Sales Record, Capping Off $100 Million In Cannabis Purchases In 2023

Rhode Island Marijuana Retailers Shatter Monthly Sales Record, Capping Off $100 Million In Cannabis Purchases In 2023

Rhode Island recreational marijuana purchases smashed the state’s monthly record in December, with more than $7.8 million in adult-use sales and patients buying another $2.4 million worth of medical cannabis products.

Overall, 2023 saw more than $100 million in legal marijuana sales in the Ocean State, roughly two thirds of which were purchases by adult-use consumers.

Of the $107.8 million worth of total cannabis sales from January through December last year, adult-use sales contributed $74.2 million, while another $33.6 came from medical sales, according to the latest data from Rhode Island’s Department of Business Regulation (DBR).

While adult-use purchases have been steadily climbing since legal retailers opened their doors last December, last month’s $10.2 million in overall combined medical and recreational marijuana receipts marked a sizable increase from the previous record of $9.7 million, set in August.

In terms of sales by product type, marijuana edibles were especially popular in December, as were raw prerolls, vape carts and prepackaged cannabis flower, according to the new DBR data. Some product categories saw slower sales in December, however, including concentrates, infused prerolls and tinctures.

The average transaction price for December was $26.12—up nearly a dollar from the $25.21 average sale the month

Read full article on Marijuana Moment



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