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[Cannabis Profits Daily](
December 16, 2019
[Cannabis Landlord Collects Sky-High Payments in Massachusetts](
By Greg Miller
When we held the First Annual NICI Retreat in Las Vegas, we knew Sin City was going to be tough to beat.
For our next retreat, many of our members said they wanted it held in Colorado, Illinois, Florida, or Nevada.
But there's another place many of you are pushing for - Massachusetts.
After the latest cannabis sales data, those folks may be on to something.
From November 20, 2018 to November 20, 2019, nearly $400 million worth of cannabis was sold in Massachusetts. Now, I know that number doesn't mean anything if there isn't any context about why that's so impressive.
Let me give you that context.
As of the end of November, there were only 36 recreational dispensaries open in the state.
Also, there is not a single recreational dispensary open in Boston.
With that in mind, Colorado generated $300 million with 306 retailers licensed in 2014 when legal recreational sales went live. Nevada's recreational sales reached $434 million in its first year of adult-use legalization, but it also had 61 licensed retailers.
So, the $400 million in sales, when all things are considered, is impressive.
[Sales are really going to kick into overdrive in 2020 and, fortunately for us, we already own one of the best cannabis companies operating in Massachusetts...](
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