In our May Wholesale Cannabis Data Snapshots for Massachusetts, we covered min, max and average pricing for an array of categories including flower, extracts, cartridges and pre-rolls. We also to a quick look at the percentage change in the cost per gram for flower over the past 180 days. Here’s a bit of a deeper dive into that Massachusetts wholesale cannabis data.
Six months ago, we saw an average price of $5,88 per gram for Massachusetts. Three months later, the gram average price saw its peak at $6.35. However, for the past three months, flower has trended down all the way to a low $4.97 per gram.
Looking at maximum sales pricing, the cost per gram over the past 180 days saw a high of $9.29 and has dropped, but is holding steady at $8.57 for the past three months. The minimum selling price has also been in decline with a high of $2.86 near the beginning of the year, but dipping into the sub-$1.50 range hitting a low of $1.43 in the last 60 days.
We posted an article a while back looking at some of the challenges mature markets like Oregon have seen and commented that Massachusetts, without some regulation could go a similar route. We encourage Massachusetts lawmakers to consider a healthy market over tax revenue and look at limiting canopy and/or issuing new licenses.
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