NORTHAMPTON — New England Treatment Access, which was recently sold to national marijuana company Surterra Wellness, has seen millions of dollars in recreational marijuana... Businesses in NETA’s neighborhood see marijuana bump

NORTHAMPTON — New England Treatment Access, which was recently sold to national marijuana company Surterra Wellness, has seen millions of dollars in recreational marijuana sales since its Northampton location became one of the first two businesses to sell legal recreational marijuana in the United States east of the Mississippi. And it hasn’t been the only business to profit in the area.

In terms of sales at Northampton Liquors & Wine, “It’s made a big difference,” said owner Rita Patel on a recent afternoon.

Tax data that could help shed light on the economic impact recreational marijuana sales have had on Northampton businesses will be released in April. But in the meantime, several area businesses have felt that impact.

“November was huge,” Patel said, noting that since then business at her store has been “consistently better.”

Jeffrey Kuhn, who manages Northampton Coffee on Pleasant Street, also said there was a big increase in sales in the weeks after NETA began selling recreational marijuana in the city on Nov. 20.

“We saw a pretty significant bump,” he said. “Definitely getting more foot traffic.”

And although business has been slower in January, Kuhn said that he expects NETA to continue to bring customers his way.

“I think long term it can be pretty good for business,” Kuhn said. [Read More @ Daily Hampshire Gazette]

MJ Shareholders avatar

MJ Shareholders

MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers

No comments so far.

Be first to leave comment below.




( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )