Mass. cannabis prices continue to fall, nearing record low
Photo | Courtesy of Mayflower
Mayflower's Worcester adult-use cannabis dispensary
The average monthly cost per one ounce of cannabis is the lowest it’s been in Massachusetts since adult-use sales opened in November 2018, excepting the first two full months of the coronavirus pandemic, according to data from the state Cannabis Control Commission.
The average price for an ounce of cannabis was $340.62 in December, and appears to be part of a broader downward trend beginning in the second half of 2021. Costs have consistently decreased month-to-month since July, when the average price for an ounce was $371.
High prices plagued the initial rollout of the legalized Massachusetts cannabis market, as the slow and expensive regulatory process to permit new growers and dispensaries kept startup costs high and limited competition. The high prices kept the black market for illicit cannabis viable.
In the month that adult-use sales first opened in 2018, the average cost per ounce of cannabis was $390.81, and costs reached an all-time high in February 2019, coming in at $405 per ounce.
As the coronavirus pandemic was hitting all aspects of commerce in spring 2020, the average cost hit its loweset-ever of $299.08 in April 2020, and in May 2020 that number was $320.30, the second-lowest on record. Costs did not again drop below $370 until June of this year and have been trending downward since.
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