How Much Does an Ounce of Marijuana Cost in Massachusetts?
The question is, “How much does an ounce of marijuana cost in the state of Massachusetts?” The answer varies by product and seller, but an eighth ounce of good quality flower will run about $50 to $60. By comparison, an eighth ounce of marijuana costs just $20 to $30 in neighboring Oregon. Although Oregon is home to the cheapest legal weed, consumers are still experiencing sticker shock. They are more likely to opt for cheaper and untested illicit marijuana.
Dispensary prices are higher than street prices
Many marijuana users in Massachusetts are hesitant to spend their money at a dispensary, despite the fact that the state’s legal marijuana market is growing rapidly. They worry about the legality of marijuana and about the dangers of unauthorized sales. Fortunately, Massachusetts’ Cannabis Control Commission is trying to limit the dangers of illicit sales by instituting strict licensing and verification standards. The CCC’s new regulations, which include “seed-to-sale” tracking, aim to prevent similar situations in the future.
While marijuana companies are reluctant to release exact numbers, wholesale prices for flower can run anywhere from $3,600 to $4,200 per pound. Independent retailers are quoted up to $5,000 for top-shelf strains – an insult in West Coast circles. Moreover, many investors have been wary of investing in stand-alone marijuana growers because of these risks. Additionally, these producers cannot rely on markups at retail stores to compete.
While marijuana is legal in Massachusetts, dispensary prices are more expensive. This is because dispensaries are forced to sell less pot to consumers as the market becomes more competitive. While this can drive down prices, consumers should also look for a dispensary that is owned by a marijuana producer. That way, consumers will know the source of their cannabis before making a purchase. However, marijuana is a highly expensive commodity in Massachusetts.
In the future, these prices will drop as large-scale facilities are put into operation. Ultimately, prices will fall to $25 or less in a few years. However, they will decrease slowly, and consumers should not feel pressured to pay more than they can afford. Until then, marijuana prices will remain higher than those found on the street. This is a symptom of a larger market for marijuana in Massachusetts.
In addition to the cost of marijuana, the state has laws regarding the sale of medical marijuana. Because marijuana cannot legally cross state lines, the price of marijuana is lower in the West. Furthermore, marijuana is cheaper in Western states than in Eastern ones. Additionally, federal law prohibits transporting marijuana between states. In order to create a national market for marijuana, these laws must be changed. However, the state’s medical marijuana program can help patients and consumers alike, but if legalization is not possible, the state’s medical marijuana laws may still be changed to make the product legal.
Although street prices for marijuana in Massachusetts can vary greatly, most legal dispensaries charge higher prices than those on the streets. While street prices can range anywhere from $6.40 per gram to $8.40 per gram, dispensary prices are generally higher than street prices. This difference is because buyers are charged sales tax on the dispensary products. Additionally, many dispensaries run educational programs for consumers and patients to educate them about the legal marijuana market.
Discounts are available for bulk purchases
Many people are unaware that discounts are available on bulk marijuana purchases in Massachusetts. For example, CAC is currently offering 10% off purchases of two grams or more. This discount is not stackable, so make sure you ask your Cannabis Advisor for details. Veterans also receive special discounts if they present their Veteran ID card or DD214. Additionally, veterans can get a 10% discount if they are under the age of 18 and have a valid military identification card.
Medical patients can also save money on their purchases. Mass Alternative Care offers discounts for patients with verified financial hardships. Veterans, SSI recipients, and senior citizens can receive a 20% discount. New patients also receive 20% off their first purchase. These discounts cannot be combined with other offers, but MAC Bucks are still applicable. The Massachusetts Medical Cannabis Association has more information about discounts and offers for patients in the state.
Medical marijuana dispensaries in Massachusetts offer additional discounts. Besides the standard patient discounts, you can also enjoy discounts for bulk purchases. Massachusetts medical marijuana dispensaries often offer special promotions for patients, and you can often receive a birthday discount or BOGOs. These discounts can help you save a considerable amount of money. Some stores even offer monthly discounts or special promotions for medical marijuana patients. If you’re looking for a discount, make sure to look around before making your purchase.
There are several ways to get discounts for bulk purchases of marijuana in Massachusetts. If you’re on a limited budget, consider a hardship program. The Compassionate Care Program (CACP) offers a 10% to 25% sliding scale discount for patients who qualify for it. If you have health insurance, you’ll also qualify for a 20% discount. The Compassionate Care program also offers 10% off purchases for qualifying patients. If you don’t qualify for MassHealth, you can take advantage of a 10% to 25% discount from Commonwealth Alternative Care. Finally, check out the local Berkshire Roots dispensaries for their discount programs.
Legalization has affected the economy
The state’s marijuana laws have not yet delivered on the business promise they promised. While the industry has brought thousands of jobs and billions of dollars to the state, regulations have remained largely unchangeable, creating barriers to entry for small businesses. While the state has launched a social equity program to encourage minority-owned marijuana businesses, only 8 percent of all marijuana facilities are owned by people of color. This fact is a cause for concern.
Some of the negative impacts of legalization have already been felt in Colorado and Washington. The state’s marijuana industry has been criticized for its cash-only nature, but it has escaped robbery. The state may have to increase its tax revenue to combat the negative economic effects, as the black market has a large share of sales. Legalization would result in a $500 million recreational marijuana market in Massachusetts. And if the industry is allowed to grow to scale, Massachusetts would become a hub for pot tourism in the northeast.
Cannabis businesses in Massachusetts have found new ways to market their products. One company, for example, introduced QR codes on its packaging. Another company infused edibles inspired by the Caribbean culture incorporated them into its recipes. Meanwhile, a West Boylston dispensary offers camping-themed products. In Chelsea, a 96-year-old woman who has never used marijuana partnered with a former vice mayor of Cambridge to open a dispensary.
In Massachusetts, cannabis has generated nearly $140 million in tax revenues, but that figure pales in comparison to Colorado’s, which benefited from an expanding recreational cannabis industry with 181 dispensaries. In contrast, Massachusetts only has a few dispensaries. Critics of legalization have questioned the state’s budget, which includes more than $133 million from marijuana. This figure is not enough to justify changes to its rules.
The state legislature has been extremely slow to implement changes to the legalization laws, despite the overwhelming support of voters. While the legalization of marijuana has brought in a huge number of new jobs and tax revenue, some business owners say the legislation has caused more jobs than it’s brought. Legalization in Massachusetts, however, has made the job of cannabis businesses a lucrative one, even if it has brought in many people who otherwise wouldn’t be able to get by.
Before legalization, the rate of use remained between twelve and thirteen percent. This rate jumped to fourteen percent in 2010, 16 percent in 2014, and 19 percent in 2015. In 2017, the rate rose to twenty-four-percent, and remained there in 2018. It’s worth noting that Maine and Massachusetts both show similar patterns. Further, the economics of legalization in Maine and Massachusetts are likely to be similar.