Kentucky’s $36.76 million in medical marijuana sales at dispensaries in April sets a new sales record
Retail sales of medical marijuana jumped 15% from February to March, setting a new sales record and topping the $30 million monthly revenue milestone for the first time.
Propelled by a strong performance on 4/20, Kentucky sales rocketed forward again, rising 19.70% over March’s record-setting sales.
Through April, Kentucky dispensaries have sold more than $120 million dollars in 2022.
Cumulative sales for the program now sit at $335.80 million since the program’s first retail sales in October 2020.
In Q1 of 2022, Kentucky registered $83.96 million in retail sales. While both January and February sales numbers were similar, sales totals have boomed nearly 35% when comparing February sales totals to April.
BDSA’s recently released Market Forecast estimates that full-year 2022 sales will reach a total of ~$360 million in Kentucky. Kentucky has averaged $30.18 million in monthly medical marijuana sales since the beginning of the year, which positions the state to exceed the $360 million projection.
Additionally, Legal Kentucky 2022 recently announced that the campaign had collected more than 325,000 signatures in the push to place adult-use marijuana on the ballot for Kentucky voters. Sunday marks the deadline for the campaign to submit signatures for verification.
Annual sales projections exceed $650 million in marijuana sales with the infusion of adult-use customers into the Kentucky market.
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