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Re: SmokeABull post# 4552

Sunday, 08/20/2023 3:22:56 PM

Sunday, August 20, 2023 3:22:56 PM

Post# of 4718
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Is Boston high on marijuana dispensaries? Four charts that give you a snapshot of the cannabis industry

More than 300 cannabis retailers have opened in Massachusetts in the past five years. Is that too many for the market to bear?


Is Boston high on marijuana dispensaries? Four charts that give you a snapshot of the cannabis industry
Pot shops have opened at a rapid clip the last couple of years, but Massachusetts still lags other early entrants in legalized marijuana, and industry experts say the market here has room to grow.
By Aruni Soni Globe Correspondent,Updated August 19, 2023, 12:36 p.m.

New Dia, a so-called "cannabis mall" that opened recently in the Fenway.
New Dia, a so-called "cannabis mall" that opened recently in the Fenway.DAVID L. RYAN/GLOBE STAFF
These days in Boston, it feels like there’s a new cannabis dispensary opening every few weeks. And with every opening, a big question becomes bigger: How many pot shops can the market support?

In the nearly five years since recreational marijuana sales began in Massachusetts, the sector has grown increasingly competitive, with more and more retailers entering the space. But busy as the market may seem, retailers and others in the industry say there’s room to grow.

Cannabis retailers entering an increasingly competitive market focus more on brand aesthetics to set them apart, as well as relying on an endlessly-renewable pool of customers in the students and young people who cycle through Boston. On the supply side, however, the price of marijuana has fallen as cultivators rapidly expanded a few years ago and ended up with a glut of supply
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