Massachusetts marijuana prices drop 12% in 2025 as industry faces oversupply
MassLive••business
Key Points:
- Cannabis prices in Massachusetts have dropped to their lowest point since the recreational market opened over seven years ago, with the average price for an eighth of an ounce falling to $14.20 in November, down from about $45 four years ago.
- The price decline is driven by an oversupply of cannabis, with over 120 licensed cultivators and nearly 400 dispensaries creating intense competition and pushing prices downward, leading to some business closures.
- Despite record statewide sales exceeding $1.6 billion last year, many individual cannabis businesses struggle to remain profitable amid the "race to the bottom" in pricing.
- Industry stakeholders are hopeful that potential federal reclassification of marijuana and proposed state legislative reforms, such as allowing higher purchase limits and easing cultivation requirements
