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CCC CHAIR 'COMFORTABLE' WITH RETAIL, BANKING PROGRESS

By Colin A. Young
STATE HOUSE NEWS SERVICE

BOSTON, FEB. 7, 2019.....With the number of retail marijuana stores open still yet to break into double digits and marijuana users not rushing to make the switch from the illicit to the legal market, the state's chief marijuana regulator said Thursday he is comfortable with the pace of store openings and the progress towards undermining the unregulated market.

The Cannabis Control Commission has green-lighted nine retail marijuana stores across the state and eight have opened their doors to customers. The first stores opened Nov. 20 and through January 27 customers have spent about $28 million on marijuana products in Massachusetts, the CCC said.

But the Boston Globe reported on Sunday, citing data from Colorado-based cannabis market research firm BDS Analytics, that 76.3 percent of the marijuana sold in Massachusetts in 2019 is expected to be sold illegally -- not from one of the licensed and regulated retail stores overseen by the CCC.

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