Industry news has seen a triumph for Montana marijuana retailers in 2022, with first-year adult-use sales totalling $202,947,328. Incorporating medical marijuana sales, Montana retailers sold a total of $303,563,879. These state revenue department figures show a good first year of sales and point to the possibility of adult-use sales trumping medical sales.
This is further cemented by other news reports projecting that first-year adult-use sales in Montana would eventually total $265 million this year and $300 million by 2026. Now the question becomes, will adult-use sales eventually replace the medical market?
Sales Consistent With Retailers’ Monthly Average
According to news reports, the total marijuana sales in December 2022 totalled a whopping $25.6 million. Total sales are consistent with Montana retailers’ monthly average experienced throughout 2022.
Over the course of 2022, recreational cannabis sales saw a slow but hopeful rise in the market share. This is a growth that supersedes medical cannabis. It was further recorded that adult use in December 2022 accounted for 77% of the total December sales. This is compared to 58% in January 2022.
On this matter, the president and CEO of Montana Cannabis Guild gave an estimation of 40 tons of product in the system.
A Hope To Replace The Medical Market In The Near Future
Being a very good first year of sales, the hope now is that this trend seen in incoming adult-use sales will continue to trump medical sales and eventually replace the medical market.
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