Massachusetts’ Two Adult-Use Dispensaries Sold $2.2 Million Worth of Cannabis in First Five Days

Massachusetts’ Two Adult-Use Dispensaries Sold $2.2 Million Worth of Cannabis in First Five Days

New England Treatment Access (NETA), in Northampton, and Cultivate, in Leicester, are off to a busy start.

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November 27, 2018
Eric Sandy

After the first five days of adult-use cannabis sales in Massachusetts—between only two licensed dispensaries statewide—customers purchased more than $2.2 million worth of cannabis products, according to data released by the state’s Cannabis Control Commission. New England Treatment Access (NETA), in Northampton, and Cultivate, in Leicester, are off to a busy start.

The dispensaries sold 56,380 “units,” meaning 56,380 separate cannabis products. Each customer in those first five days bought an average of 3.4 items per visit. The average “unit” price was $39.33.

The news was first reported by masslive.com’s Gintautas Dumcias. 

Numbers like those follow early prognostications that the Massachusetts adult-use cannabis market could hit $1.8 billion, according to Tim Keogh, CEO of AmeriCann, who spoke this summer at a Massachusetts State House News Forum. 

See the full data set below.

Massachusetts Cannabis Control Commission: First Five Days of Adult-Use Sales by sandydocs on Scribd

 

Demand, indeed, is strong in hotly anticipated East Coast markets.

Traffic has gotten so bad in the small town of Leicester that residents congregated at an emergency public meeting Nov. 26. “We have cars outside of our house seven days a week, 12 hours a day,” a resident who lives near Cultivate told The Boston Globe. “We have no life there anymore. It’s like living in a fishbowl. … It’s not fair.” 

More than 1,000 customers visited Cultivate on the first day of sales, Nov. 20.

Town officials told the crowd that additional retail licenses elsewhere in the state will ameliorate the congestion in Leicester. Dispensaries in Salem, Wareham and Easthampton have been issued final licenses. Ostensibly, only a formal inspection stands between them and Opening Day.

Top photo courtesy of khaligo/Adobe Stock