Please do not leave this page until complete. This can take a few moments.
Union Twist, a new licensed cannabis retailer in Framingham, opened its doors to the public on Monday, embarking on a plan to offer products at lower rates than competitors to draw customers in.
The dispensary, located at 630 Worcester St., has roots back in 2019 when the property was originally purchased for $3 million by Gregory Thomaier with the intention of turning it into a dispensary. The location became licensed in November 2021, according to data from the Cannabis Control Commission.
Julia Wentworth, who serves as general manager at Union Twist, said the location was betting on a strategy of offering lower prices than competitors, in exchange for reduced margins, to succeed in an economy where inflation has most product prices increasing.
“This particular business model has never been done, and that is affordable cannabis,” said Wentworth. “We’re really taking the accessibility of cannabis back into the consumers hands instead of driving them back to the black market or to Maine, where they’re getting better deals.”
The dispensary plans to offer an eighth of an ounce for around $25, Wentworth said, compared to the usual pricing of $60 an eighth at legal dispensaries. It also plans to offer 0.5g pre-rolled joints starting at $3.33, while prices tend to be around $8 at other locations.
Wentworth, who has previously held positions at four other dispensaries, said the Union Twist’s relationships with grow facilities allowed it to buy products at higher volume, enabling the lower prices at the dispensary.
“A business analytical person is going to look at that and say, well, that’s less than 50% markup in some cases,” said Wentworth. “It might be, but that’s where our relationships with some of these grow facilities will come in handy.
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments