massachusetts marijuana Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

Welcome to the cannabis crunch: Mass. marijuana industry braces for turbulent 2023

The Massachusetts marijuana industry is on the verge of an impressive milestone: $4 billion in revenue since recreational sales began in November 2018, a total that has also netted state and local governments hundreds of millions of dollars in taxes.…

Will CT recreational cannabis sales impact Massachusetts dispensaries?

Recreational cannabis users in Connecticut have been shopping at dispensaries out of state — until today. The opening of seven recreational cannabis locations marks the first time Connecticut residents will be able to buy non-medical products in their home state.…

Recreational cannabis prices in Mass. plummet as dispensary owners weigh future

Recreational cannabis has never been cheaper in Massachusetts than it was this year. Prices have been steadily decreasing for more than a year, and those running businesses in the burgeoning industry expect them to keep dropping. While customers may be…

Boston to refund millions in marijuana ‘impact’ fees

Boston will refund millions of dollars in “impact” fees it collected from marijuana companies, the first Massachusetts municipality to do so after state lawmakers enacted a measure cracking down on the controversial payments. Officials in Mayor Michelle Wu’s administration notified local cannabis…

Massachusetts Legislature approves marijuana industry reforms

Massachusetts lawmakers early Monday morning approved a package of significant changes to the state’s booming marijuana industry, answering longstanding calls for reform from advocates and entrepreneurs. The bill would crack down on steep local fees charged to marijuana operators, steer…

Can marijuana bring about social equity? In Massachusetts, a case study

In the industrial kitchen at Major Bloom, staff are assembling joints using a gadget that turns out nearly 200 so-called “pre-rolls” in one go. A large bag of multi-colored fruit cereal sits ready to be baked into marijuana-infused treats. And…

‘Social equity’ applicants making inroads, gradually, in Massachusetts cannabis business

The first time lifelong Holyoke resident Damaris Aponte sold marijuana, she was 14 and growing up in a city deeply impacted by the so-called War on Drugs. She saw many people she knew get arrested on drug charges, and her…

Marijuana

Marijuana slowly becoming New England’s newest cash crop

With adult-use marijuana sales eclipsing $3 billion in Massachusetts, other New England states are now entering the recreational marijuana industry. Voters in Massachusetts legalized marijuana in 2016 and sales began in 2018, the state’s Cannabis Control Commission said. Neighboring states witnessing…

Omicron strains marijuana industry supply chain in Massachusetts

Licensed marijuana firms cannot legally move pot products across state lines. But that doesn’t mean they’ve been spared the supply chain disruptions wreaking havoc on the rest of the business world. As the Omicron variant surges, Massachusetts cannabis companies are…

‘An utter failure’: Law meant to clear old convictions, including for marijuana possession, helps few in Massachussetts

When state legislators passed a criminal justice reform bill in 2018, Massachusetts residents won the ability to clear away certain criminal records — including convictions for marijuana possession and other now-legal activities — that can make it difficult to land…

Massachusetts’ newest marijuana entrepreneur? Steven Van Zandt

Steven Van Zandt is hardly the first musician to break into the nation’s burgeoning legal cannabis industry. But true to form, Van Zandt — a rocker with legendary status in Bruce Springsteen’s E Street Band and actor best known for…

Massachusetts pot shops are a billion-dollar market, but cannabis industry still faces hurdles

While recreational marijuana sales have soared in 2021 as Massachusetts emerges from the pandemic, business complications and governmental actions have slowed the pace of the industry's growth, cannabis advocates say. Massachusetts legalized marijuana in 2016, becoming the seventh state to do…

Massachusetts recreational cannabis sales surpass $2 billion less than 3 years after first adult-use retailers opened

In fewer than three years since recreational cannabis dispensaries opened in Massachusetts, gross sales have surpassed $2 billion, regulators announced Wednesday. At the close of business Tuesday, the state’s mandatory seed-to-sale tracking system showed that sales had reached $2,009,007,478, according to the…

Massachusetts sets marijuana sales records around 4/20 holiday

After a slow start, the Massachusetts marijuana industry is starting to pick up momentum. Recreational cannabis stores in the state have now sold more than $1.5 billion of pot products since their debut in November 2018, according to new data…

Mass. cannabis commission launching online catalog of marijuana products

Websites all over the internet offer information about the many strains and variations of marijuana and marijuana products — both legal and illicit. Now the Cannabis Control Commission is launching its own online catalog of the myriad marijuana products available…

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