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  • Post Time Posted November 22, 2018
Massachusetts residents did not shy away from participating in the state’s much-delayed recreational marijuana market, spending a total of $440,011 between just two stores.

According to the state Cannabis Control Commission, the revenue came in from more than 10,700 cannabis products.

The two stores open, New England Treatment Access, or NETA, in Northampton, and Cultivate in Leicester, say they received about 2000 and 1000 customers respectively. The shops were packed all day, with some customers waiting as long as two hours to be among the first in the state to purchase legal cannabis products.

Through a 6.25 percent sales tax and a 10.75 percent excise tax on marijuana,  the state takes in a 17 percent cut from all cannabis-related sales, earning Massachusetts about $74,800 in revenue on the first day.

Source: https://www.bostonglobe.com/news/marijuana/2018/11/21/marijuana-math-consumers-spent-more-than-pot-products-tuesday/dwVB7T1SK243YVHsUS3NaM/story.html

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