Why Cannabis Sales Are Down In Massachusetts And New Mexico: The Numbers Behind The Dip
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 08 2024
0mins
Source: Benzinga
Market Performance Overview: The cannabis industry in key U.S. markets shows mixed results, with California leading in tax revenue while Massachusetts and New Mexico experience slight declines in sales; Massachusetts saw a 1% decrease in November sales compared to October, and New Mexico's sales fell by 2% from the previous month.
California's Tax Revenue: California generated $250.5 million in cannabis tax revenue for Q3 2024, contributing over $6.5 billion since 2018, despite the elimination of the cultivation tax in July 2022, indicating the market's ongoing financial significance.
Discover Tomorrow's Bullish Stocks Today
Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.
Sign up now to unlock expert insights and stay one step ahead of the market trends.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.





