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Recreational cannabis sales in Minnesota top $50 million in last six months since legal market took off

Since September, Minnesota recreational cannabis sales have surpassed $50 million, with March marking the state's biggest month at about $12 million, according to Eric Taubel, executive director of the Minnesota Office of Cannabis Management.
Although Minnesota legalized adult-use marijuana three years ago, cannabis advocates designed the market as a slow burn, with roughly 180 licenses issued so far, mostly to microbusinesses.
Taubel estimated the state has only about 25% of cannabis needed to meet demand; testing facility shortages prompted Gov. Tim Walz to recently sign a bipartisan bill allowing out-of-state testing for hemp-derived THC products.
The cannabis market generated $27 million in new state tax revenue, according to the Department of Revenue, while medicinal cannabis maintains steady momentum alongside larger recreational gains.
Taubel expects monthly sales to double in the coming months as roughly 15 to 20 new businesses gain approval monthly and tribal partners expand distribution; regulators anticipate a fully operational market by year's end.

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Recreational cannabis sales hit milestone in Minnesota

ST. PAUL — It's been less than a year since the state of Minnesota issued its first cannabis retail licenses, but the industry is already bringing in tens of millions of dollars in sales. Recreational cannabis sales in Minnesota have reached more than $50 million since September, when the market first opened. "We're in the early stages, still only six months in with recreational sales, but that kind of month-over-month number grows every month,…

4 days ago·Fargo, United States

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