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Rhode Island, this week, approved cannabis legislation in each chamber of the Legislature
With adult-use marijuana sales eclipsing $3 billion in Massachusetts, other New England states are now entering the recreational marijuana industry.
Voters in Massachusetts legalized marijuana in 2016 and sales began in 2018, the state’s Cannabis Control Commission said. Neighboring states witnessing Massachusetts raking in record profits are now embracing marijuana legalization.
Sales revenue in the state, according to the Marijuana Policy Project, hit $3,001,846,40, on May 14. It took just eight months after hitting $2 billion to reach the mark. The state levies a 10.75% state excise tax on top of the state’s 6.25% sales tax. Cities and towns can implement a 3% tax.
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