Massachusetts pot shop sales exceed $2.2M in first five days
Massachusetts pot shops got the green light to start selling retail marijuana on Nov. 20, and the sales are rolling in.
In the first five days that retail marijuana stores were open in Massachusetts, consumers bought more than $2.2 million worth of marijuana and marijuana products.
The Cannabis Control Commission announced Tuesday afternoon that the two stores that opened last Tuesday — Cultivate in Leicester and New England Treatment Access in Northampton — reported a combined $2,217,621.13 in gross sales through Sunday.
Marijuana users have purchased more than 56,000 products and the average amount spent per unit is $39.33, the CCC said.
The CCC considers each individual item a unit, so an eighth of an ounce of cannabis flower and a five-pack of pre-rolled joints would each be considered one unit. Customers have bought an average of 3.4 items per transaction.
Cannabis purchases are subject to a 17 percent state tax rate and a 3 percent local tax. Based on sales figures released Tuesday by the CCC, the state stands to collect about $376,995 in tax revenue from the first five days of legal m arijuana sales. Leicester and Northampton will divide roughly $66,528 in local tax revenue between themselves, in proportion with each location's gross sales.
The CCC released the sales data Tuesday afternoon but said it would not issue a statement on the data.