Sales of medical marijuana in Maryland this year are blowing by projections from one of the cannabis industry’s leading market research firms.
New Frontier Data forecast last year — before Maryland’s market kicked off last December — that the state’s 2018 sales would be $46 million.
For the first nine months of 2018, however, sales have been $67 million, according to the latest data from the Maryland Medical Cannabis Commission. Beau Whitney, senior economist for New Frontier Data, said the company is updating its forecasts. “The uptick was higher than we initially expected but is gaining traction,” Whitney said.
His unofficial expectation is that sales will hit $100 million “sometime in December.”
Click here to read the rest of the article written by Doug Donovan over at the Baltimore Sun