Massachusetts

Market Map

Massachusetts
Cannabis Market

Massachusetts Cannabis Market At-A-Glance

Overall Rating: B+

Massachusetts was one of the earliest states to legalize medical and adult-use cannabis. It was also one of the only states to shut down cannabis sales during the COVID-19 pandemic. Massachusetts stands out with the largest average dollar amount of goods per purchase at $96.34.

Medical Use: Yes

Adult Use: Yes

Market Potential

There has been a significant increase in the number of cannabis operations in Massachusetts.

Licensing

A+

No caps and no mandated distribution.

Competition

There are no caps to licenses, but the state is small in physical size compared to other legalized states. Massachusetts is the 3rd most densely populated state in the US which is good for competition in regards to retail stores.

Tax/Regulatory Structure

1 excise tax

Massachusetts Cannabis Details

Population (Rank)

6,938,000

#15

Size/Density

884.9 sq. miles

#39

Medical Cannabis?

Yes

2012

Adult-Use Cannabis?

Yes

2016

2020 Medical Sales

2022 Projected Medical Sales

$165,000,000

$113,000,000

-32%

2020 Adult Use Sales

2022 Projected Adult Use Sales

$215,000,000

$1,100,000,000

+412%

Regulatory Agency

Cannabis Control Commission

https://masscannabiscontrol.com

# of Dispensaries (allowed/issued)

No limit

Medical: 468 Issued | Retail: 553 Issued

# of Cultivators (allowed/issued)

No limit

268

# of Manufacturers (allowed/issued)

No limit

# of Testing Labs (allowed/issued)

No limit

Vertical Integration?

Required

Residency Requirements?

Caregivers are required to be residents of the state of Massachusetts. Business owners must also provide residential addresses.

Social Equity?

Yes

Cannabis Taxes

Combined Tax Rate

10.75%

Excise Tax

10.75% (retail price)

Licensing Fees (per year)
^{*Varies based on gross revenue}

Retailer (Adult-use | Medical)

$5,000 | $50,500

Manufacturing

$5,000

Manufacturer/Production

$10,000

Testing Lab & Transporter

$5,000 each

Application Fees

Medical Retail (Stage 1 | Stage 2)

$1,500 | $30,000

Cultivation (Indoor | Outdoor)

$200-600 | $100-$300

Microbusiness

$300

Retail Testing

$500

Manufacturing

$300

Testing Lab & Research Lab

$300 each

Third-Party Transporter

$300

09/09/2021

Market Map

Massachusetts Cannabis Market At-A-Glance

Massachusetts Cannabis Details

Cannabis Taxes

Licensing Fees (per year) *Varies based on gross revenue

Application Fees

Licensing Fees (per year)
^{*Varies based on gross revenue}