skip to Main Content
How Much Will Legal Cannabis Cost Once It Hits The Shops In Massachusetts?

For states that have legalized recreational marijuana, the new authorized markets have carried the promise of increasingly cheap weed. In Colorado, wholesale cannabis pricesĀ have dropped roughly 35 percentĀ since their 2015 peak. In Oregon, some pot shopsĀ reportedlyĀ sell grams of weed for less than a glass of craft beer.

Massachusetts residents will likely have to wait awhile before they see anything similar.

State regulators say the initial market will be ā€œsparseā€ when the first licensed retail pot shopsĀ open in July, due to both the cautious rollout process andĀ widespread municipal bansĀ on marijuana businesses. As a result, experts expect initial prices to be expensive ā€” and stay that way for a while.

ā€œI would expect that we would see really high prices to begin with,ā€ Kris Krane, the co-founder of 4Front, a cannabis industry consultancy firm, told Boston.com. ā€œThereā€™s going to be a shortage.ā€

For an eighth of an ounce of weed, Krane said before-tax prices could start out around $60 to $70 ā€” compared to an average of around $50 on the black market ā€” and remain at that level for up to six months to a year. Of course, sales will also be subject to a combined tax by the state and local governmentsĀ of up to 20 percent. [Read more at Boston Globe]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

If FL Supreme Court approves cannabis ballot language, will voters go for recreational weed or not?

The long wait on whether Floridians will get a chance to vote to legalize recreational cannabis for adults 21 and older is almost over, as the Florida Supreme Court is…

Missouri strips marijuana licenses connected to company accused of predatory behavior

Missouriā€™s health department on Wednesday stripped two coveted marijuana micro-licenses tied to an out-of-state company that had been accused of predatory practices and had listed the licenses for resale. The…

Dug In: Big Island Grown’s Deep Cannabis Roots

Big Island Grown (BIG) is a vertically integrated cannabis company based in Kailua-Kona, Hawaii County, on the Big Island of Hawaii, whose reach now extends to several islands in the…

Unlock the Secrets of Social Media for Cannabis Brands

There are three primary ways that brands can use social media platforms for marketing: organic posts, shared posts, and paid posts. With paid posts still off limits to most businesses…

More Categories

Back To Top
×Close search
Search