Ulysses Youngblood (right), president and co-founder of Worcester dispensary Major Bloom, pictured with co-founder and former CEO Laury Lucien, sees the price drop across the cannabis industry as a benefit to his customers. More than four years have passed since the first legal cannabis dispensaries opened in Massachusetts, and in the 52 months since the first dispensaries opened, 270 have opened their doors with another 200 in various stages of the licensing process. A new dispensary here. Another grow facility there. Now Rhode Island, Connecticut, New York, and New Jersey have legalized pot. Everyone is getting in on the act. No one wants to be left behind. Competition is rising. The first pot shop in the state closed in Northampton in December while prices have hit a historic lows. Since the first dispensaries opened in November 2018, total adult-use sales are nearing $4 billion across the Massachusetts. Prices in November reached $228.88 per ounce, their lowest point since April 2020, when the economic fallout from the initial stages of the COVID pandemic hit prices everywhere. November’s price was a 39% decrease over the previous year. At the same time, more plants are being harvested than ever across the state, […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
