In November, Massachusetts became the first state on the eastern half of the United States to open adult-use dispensaries. Cultivate Holdings in Leicester and New England Treatment Access (NETA) in Northampton opened their doors on Nov. 20.
The Bay State’s pot industry had an explosive start: according to a report from the state’s Cannabis Control Commission, consumers spent approximately $2.2 million in the first five days of business with 56,380 units purchased. Consumers spent an average of $39.33 on 3.4 items per person. On Nov. 23 – Black Friday, the typical start of holiday season shopping – customers spent a total of $480,000. The Commission did not disclose how much each location sold individually.
And money going into dispensaries means cash flow into the surrounding communities. According to Boston Magazine, Northampton and Leicester will take in $66,528 in local taxes. The Commonwealth will take in $376,995 from sales.
But it hasn’t been all money bags and hazy daze. There have been substantial growing pains over the last few weeks. In Leicester, residents expressed concerns about limited parking and increased foot traffic. Cultivate Holdings has since contracted an additional police detail and arranged more parking.
Although it’s been crazy, we decided