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Massachusetts Cannabis Prices Lowest in New England on 4/20 in 2024

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Are you looking forward to filling that little glass jar hidden in the back of your closet before April 20?

Don’t bother leaving Massachusetts.

As of this year’s unofficial national marijuana holiday (4/20), Massachusetts boasts the cheapest adult-use cannabis prices in the state since legalization, not to mention what appears to be the cheapest weed in all of New England.

The average price for an eighth of flower is about $19, according to data from the Massachusetts Cannabis Control Commission last month, which shows prices are down from $50 three years ago.

  • Read more: A big change is coming to cannabis delivery in Massachusetts. Companies can’t wait

The Bay State’s business is also booming in sales of vaping products, the state’s second-favorite way to consume cannabis, according to CCC data. Edibles are neck and neck with raw and pre-rolled buds in third and fourth place sales.

And those four products alone, last week alone, generated more than $5 million in sales, the commission reported.

The story is different on the borders of Connecticut, Vermont or Rhode Island.

Consumers are paying nearly $40 or more for the same amount of bud, and dispensary sales have yet to match those in Massachusetts, although the Bay State has been selling for 2 to 5 years longer.

Cannabis in Massachusetts

On average, one-eighth of a flower costs $44 in Connecticut, the state government’s cannabis statistics page showed last month.

Nutmeg State dispensaries opened in January 2023 following recreational legalization in 2021, and adult-use sales of all products totaled just over $16 million for the entire month of March 2024, according to the state. It equates to around $4 million in average sales per week across all cannabis products.

Consumers, regular or not, clearly notice the difference, said Tim Rooke, who works for the ZaZa Green dispensary in Springfield as a volunteer ambassador for its community.

Since opening last July, he said the number of Connecticut customers crossing to shop has increased almost daily.

“In Connecticut, their menu is limited and their prices are much higher,” Rooke said. Plus, its location just across the border, ample parking and 11 p.m. closing time makes up for the trip from Connecticut, Rooke said.

In Vermont, the average price is $42 and the average price in Rhode Island is $38, according to a site called PriceOfWeed.com. Maine cannabis consumers pay on the slightly lower end, about $25 per eighth of a bud, data from the state’s Office of Cannabis Policy showed.

Although an obvious benefit to the consumer, the continued decline in marijuana prices in Massachusetts has been a learning curve for business owners amid changing regulations and strong competition within the state. More than 300 dispensaries operate throughout the state. With volumes of product hitting the market and more places to buy it, the price of cannabis continues to drop.

  • Read more: How many cannabis companies have closed in Massachusetts? It’s not clear, but times are tough.

“It’s about being adaptable,” Hailey Delima, CEO of Cannabist Boston, told MassLive on Friday. “There has definitely been a change in the last three years…the reality of the price of our product will continue to drop or change.”

To survive, Delima said the Boston dispensary has been doing a “pretty good job” focused at an “operational level” on keeping “the other parts of our business sorted out and well-managed.”

Rooke said his Springfield dispensary’s strategy of “working-class pricing,” which he explained means, “We would like your money and we would like your business. “We just don’t want it all tonight,” is his way of staying current in the subprime market.

In Worcester, Mission Cannabis Dispensary general manager Tyler Hayden called the state’s price compressions “beneficial” for recreational users, medical cardholders and for his own business.

  • Read more: Massachusetts Cannabis Prices Hit All-Time Low with Record Sales in 2023

“I don’t think (prices) are affecting it too much, as far as the business is concerned. If anything, it’s helping,” he said Friday, adding that his customers were already “knocking down the door” to take advantage of the dispensary’s offers early on April 20.

Rooke said there is room to “correct” the price. The dramatic drop in cannabis flower prices is indicative of the ongoing market correction, with New England echoing trends in other states that have more mature legal cannabis markets that also experienced rapid drops in cannabis prices , although at varied rhythms.

But Springfield has been “happy” with cannabis prices, Rooke said, and he has pretty high hopes for April 20, including for in-state competition.

“April 20 is usually the busiest day for cannabis sales, usually 30% more than usual. But since it’s Saturday, we expect it to be even a little higher,” Rooke said.

“So each of the dispensaries should do very well, and that’s what we expect. We expect everyone to do their fair share in business,” he said.

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