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March cannabis sales set a record hitting nearly $250 million, up nearly 63 percent from March 2022, the highest during the past 15 months, the Cannabis Regulatory Agency reported.

Medical marijuana sales fell 69.3 percent from a year ago to just $9.8 million. Adult-use sales leaped 98.9 percent to $239.9 from March 2022

The bad news for the cannabis industry is prices for adult-use fell 54.4 percent from a year ago, to $1390 per pound.

For the first three months of 2023, sales have grown 46.2 percent compared to the first quarter of 2022.

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