The Massachusetts cannabis industry is facing significant financial strain as marijuana prices have dropped dramatically. Since November 2018, retail prices have fallen from $14.09 per gram to $5.36 per gram in 2024, a 62% decrease. Factors Contributing to Price Decline Several elements have led to this downturn: • Increased Cultivation Licenses: The Cannabis Control … [Read more...] about Massachusetts Cannabis Businesses Struggle Amid Plummeting Prices
Massachusetts
Cannabis Control Commission didn’t collect $1.7M in fees, inspector general says
A group from the Massachusetts Cannabis Coalition testified before the Joint Committee on Cannabis Policy on Wednesday, Oct. 30, 2024, to describe the issues marijuana companies have had with the Cannabis Control Commission. The Cannabis Control Commission failed to collect about $550,000 in prorated license fees and up to $1.2 million in potential provisional licensing fees … [Read more...] about Cannabis Control Commission didn’t collect $1.7M in fees, inspector general says
Plummeting pot prices have Mass. cannabis businesses on edge
Nike John walked to the back of her auto shop-turned-cannabis dispensary in Charlestown on a recent morning and threw open the heavy metal door to the vault. Inside were rows of shelves stacked with colorfully packaged marijuana products. "We have chocolate, taffy, gummies," she said, surveying her inventory. "Over here we have vapes, disposable vapes." This store room is the … [Read more...] about Plummeting pot prices have Mass. cannabis businesses on edge
The ills of a billion-dollar enterprise: The slow-death of the cannabis industry, and what might be done to reverse the trend
The Massachusetts cannabis industry is a billion-dollar enterprise, with over 700 retailers operating across the state. Yet stores are closing, companies are firing their workers and retail and non-retail licenses are being surrendered by former operators as business owners clamor for regulatory changes to transform an industry they see as unsustainable. The changes are taking … [Read more...] about The ills of a billion-dollar enterprise: The slow-death of the cannabis industry, and what might be done to reverse the trend
Mass. attorney pleads guilty to smuggling marijuana-soaked papers into detention center
A Massachusetts attorney pleaded guilty Wednesday to participating in a conspiracy with three others to smuggle contraband into a federal detention center in Rhode Island. Theresa Marie DiJoseph, 51, conspired with three other individuals in late 2023 to smuggle 10 papers soaked with K2, a synthetic marijuana, into the Donald W. Wyatt Detention Center in Central Falls, R.I., … [Read more...] about Mass. attorney pleads guilty to smuggling marijuana-soaked papers into detention center
Massachusetts social cannabis rules could go up for debate this month. Here’s what to know
The latest draft framework for allowing people to use marijuana in public social settings could be released next week as the Massachusetts Cannabis Control Commission considers feedback from public health experts, law enforcement and others, a regulator said Thursday. Commissioner Nurys Camargo, one of two CCC members who has spearheaded the latest effort to launch the social … [Read more...] about Massachusetts social cannabis rules could go up for debate this month. Here’s what to know
Newell: Legal marijuana is an economic sham, the industry is in crisis, and the chickens are baked and coming home to roost
Back in 2012, when the first states legalized marijuana, it was a challenge to disprove dissenters. It was more a strong gut feeling than anything else. “But just wait,” I said. “I’ll say I told you so before long…” Well, today is that day. An article by Julie Wernau came out yesterday in the Wall Street Journal. It’s called “The Rise and Fall of the ‘Nappa Valley of … [Read more...] about Newell: Legal marijuana is an economic sham, the industry is in crisis, and the chickens are baked and coming home to roost
State report: Cannabis potency up, prices down
More than six years in, the legal cannabis industry landscape in Massachusetts has had a chance to evolve, and a new industry report examines some of the trendlines. Published by the Cannabis Control Commission last week, the report shows an evolution that has been marked by plummeting prices and rising product potency, a network of retail stores that more densely dot the map … [Read more...] about State report: Cannabis potency up, prices down
Marijuana shop owes state $424K in unpaid sales taxes
GREAT BARRINGTON — The owner of Rebelle Dispensary in Great Barrington owes the state more than $424,000 in unpaid sales and marijuana retail tax, according to court papers. The Massachusetts Department of Revenue sought and received last month permission to enter the dispensary at 783 South Main St. in Great Barrington and levy — or seize in other words — property to cover the … [Read more...] about Marijuana shop owes state $424K in unpaid sales taxes
Too much fungus among us? Mass. marijuana workers grapple with moldy cannabis concerns
The Massachusetts Cannabis Control Commission (CCC) released a report earlier this month that warned of mold in some marijuana products. Still, some labs and cannabis advocates say the problem is far more widespread than regulators are letting on. In the consumer advisory issued on Feb. 3, the CCC said there were new health and safety concerns regarding some retail marijuana … [Read more...] about Too much fungus among us? Mass. marijuana workers grapple with moldy cannabis concerns
