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Massachusetts to Drive East Coast Adult Use Marijuana Market
January 8, 2016
For Massachusetts, New Frontier Data projects:

•    Overall 2016 sales of medical cannabis to total $52 million
•    Overall 2017 sales of medical cannabis to reach $101 million
•    Passage of legalization measures last fall to open an adult use market in
•    Overall 2016-2020 market growth with a compound annual rate of 113%
•    Adult use sales to represent 72% of that market by 2020
•    Dramatically increased total cannabis sales to reach $1 billion by 2020

As one of the first New England states to legalize cannabis for adult use, Massachusetts represents a significant opportunity for business owners and entrepreneurs in the space. There are no limitations on product forms or statewide caps on retail dispensary licenses, which means the market could potentially become a billion dollar market by 2020. 

The full regulatory structure and key program details of the adult use market remain to be determined, and the market could take a few different directions depending on the actions of the Massachusetts Cannabis Control Commission and local municipalities across the state.
Purchase Full MA Report Now!
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Canada Gears Up For Marijuana Legalization in 2017
Date: Wednesday, January 18th
Time: 2:00 pm PST

New Frontier's EVP John Kagia will share the latest trends and insights and what will make this year the most transformative year to date in the cannabis industry. 
Copyright © 2016 Frontier Financial Group, Inc, All rights reserved.

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