The legal marijuana market in the United States has grown significantly in recent years, with numerous states reporting record-breaking sales figures.
As more states legalize and regulate the sale of marijuana, the industry continues to expand, contributing billions of dollars in revenue and tax benefits each year. In the first half of 2024 alone, the industry had over $10 billion in sales across approximately 20 states with licensed marijuana retail outlets. Many states experienced strong, and in some cases, record-breaking sales in July, continuing the growth trend.
This article highlights the top 10 states in terms of total marijuana sales from January to July 2024, using data from state regulatory agencies and the research firm Headset We’ll explore each state’s total sales, their peak sales month within this period, and the dates when each state legalized marijuana and opened their first retail outlet.
Here’s a breakdown of the top-performing states:
California
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- Total Sales (January to July 2024): $2.43 billion
- Top Month: July ($344.22 million)
- Legalization Date: November 2016
- Retail Outlets Opened: January 2018
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Michigan
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- Total Sales (January to July 2024): Approximately $1.9 billion
- Top Month: July ($286.31 million)
- Legalization Date: November 2018
- Retail Outlets Opened: December 2019
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Illinois
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- Total Sales (January to July 2024): Approximately $1.2 billion
- Top Month: March ($174 million)
- Legalization Date: June 2019
- Retail Outlets Opened: January 2020
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Massachusetts
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- Total Sales (January to July 2024): $934 million
- Top Month: May ($136 million)
- Legalization Date: November 2016
- Retail Outlets Opened: November 2018
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Missouri
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- Total Sales (January to July 2024): Approximately $839 million
- Top Month: July ($123.3 million)
- Legalization Date: November 2022
- Retail Outlets Opened: February 2023
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Colorado
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- Total Sales (January to July 2024): Approximately $706 million
- Top Month: July ($99.94 million)
- Legalization Date: November 2012
- Retail Outlets Opened: January 2014
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Arizona
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- Total Sales (January to July 2024): $667.08 million
- Top Month: May ($102 million)
- Legalization Date: November 2020
- Retail Outlets Opened: January 2021
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Maryland
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- Total Sales (January to July 2024): $649.49 million
- Top Month: July ($97.41 million)
- Legalization Date: July 2023
- Retail Outlets Opened: July 2023
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Washington
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- Total Sales (January to July 2024): $701.85 million
- Top Month: July ($103.1 million)
- Legalization Date: November 2012
- Retail Outlets Opened: July 2014
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Oregon
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- Total Sales (January to July 2024): $562 million
- Top Month: July ($82.03 million)
- Legalization Date: November 2014
- Retail Outlets Opened: October 2015
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