Medical marijuana sales in Maryland set to blow through one expert forecast, reach $100 million

December 6th, 2018 by admin Leave a reply »

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.