Massachusetts marijuana excise tax revenue exceeds alcohol for first timePosted by On


Maybe a generation ago, Olivia Letters and her friends would have had drinks together. Now, they mostly smoke pot.”In my circle — I’m 30 — people drink less alcohol and smoke more weed, at least in Massachusetts,” she said in an interview inside NETA’s Brookline cannabis store.If there’s any doubt about weed’s popularity, just hit the road — billboards are seemingly everywhere advertising recreational marijuana stores. The numbers back it up, too.Since adult-use retailers opened in Massachusetts in November 2018, gross total sales have now reached $2.54 billion, according to data from the Cannabis Control Commission.While tax data shows alcohol consumption is hardly plummeting, the meteoric rise in cannabis use speaks to changing attitudes about recreational alcohol and marijuana use.”I think that people are looking for an alternative to make them feel better,” said Mikayla Bell, community outreach manager for NETA, one of the largest cannabis retailers in the state. “Oftentimes people are turning to alcohol for relief. And now they found another product with without the hangover, without the calories.”Bell said the general public is becoming more comfortable with the idea of recreational marijuana, even if they’re not using it themselves.Data obtained by 5 Investigates reveals plenty of people are consuming it. Take excise taxes, which are levied on both alcohol and marijuana.Alcohol excise taxes have increased slightly in the past five fiscal years. Halfway…

Original Author Link click here to read complete story..

Maybe a generation ago, Olivia Letters and her friends would have had drinks together. Now, they mostly smoke pot.”In my circle — I’m 30 — people drink less alcohol and smoke more weed, at least in Massachusetts,” she said in an interview inside NETA’s Brookline cannabis store.If there’s any doubt about weed’s popularity, just hit the road — billboards are seemingly everywhere advertising recreational marijuana stores. The numbers back it up, too.Since adult-use retailers opened in Massachusetts in November 2018, gross total sales have now reached $2.54 billion, according to data from the Cannabis Control Commission.While tax data shows alcohol consumption is hardly plummeting, the meteoric rise in cannabis use speaks to changing attitudes about recreational alcohol and marijuana use.”I think that people are looking for an alternative to make them feel better,” said Mikayla Bell, community outreach manager for NETA, one of the largest cannabis retailers in the state. “Oftentimes people are turning to alcohol for relief. And now they found another product with without the hangover, without the calories.”Bell said the general public is becoming more comfortable with the idea of recreational marijuana, even if they’re not using it themselves.Data obtained by 5 Investigates reveals plenty of people are consuming it. Take excise taxes, which are levied on both alcohol and marijuana.Alcohol excise taxes have increased slightly in the past five fiscal years. Halfway…



Source link

News

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.