Mass. Cannabis Regulators Consider Freezing Grow Licenses
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MA is grappling with high operational costs, red tape and an oversupply of flower
Massachusetts regulators want to press pause on issuing new licenses for cannabis grow sites in hopes of stabilizing the struggling market.
The big picture: Massachusetts’ cannabis industry is grappling with high operational costs, red tape and an oversupply of flower.
Catch up quick: Several cultivation sites and retailers have closed as wholesale prices drop, including Ayr Wellness’ facility in Milford in August.
- Ayr’s closure resulted in 157 job losses.
- Meanwhile, the average price for an eighth of an ounce of pot fell to a new low of $14.20 in November, per Cannabis Control Commission data. (In 2021, the average price was $45.)
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