Massachusetts retail marijuana industry expected to grow rapidly

Massachusetts

Two recreational marijuana shops opened to long lines on Tuesday but, there will soon be more options for cannabis users.

The Cannabis Control Commission has given initial approval to nearly two dozen retail stores across the state. 

CCC Chairman Steven Hoffman said the commission’s work is just getting started. He expects retail marijuana locations across Massachusetts to open every couple of weeks. 

Hoffman said, “We’re extremely excited to see how the industry continues to grow and develop, and really how NETA specifically can lead the way on that.”

As Massachusetts’ cannabis industry continues to grow, revenue from marijuana sales can be dispersed to public health, public safety, and education programs.

Currently, marijuana is taxed at a 20 percent rate which is lower than the state’s 40 percent tax on tobacco products. 

The CCC expects that more retail locations will open quickly including INSA in Easthampton, but they say it’s up to licensees to comply with regulations to make that happen. 

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