Recreational cannabis prices in Mass. plummet as dispensary owners weigh future

Recreational cannabis has never been cheaper in Massachusetts than it was this year.

Prices have been steadily decreasing for more than a year, and those running businesses in the burgeoning industry expect them to keep dropping. While customers may be rejoicing over greater access to marijuana, the lowering of prices has some concerned about the ramifications for cultivators, small businesses, and the employees that make it all run.

Examining cannabis prices and the reasons they have decreased so significantly offers a peek into the state of an industry at a crossroads.

Cheaper than ever

In October, the average price for a gram of flower (the buds of the cannabis plant that are typically ground up and smoked) dropped to $7.76, an all-time low, according to the most recent data from the state’s Cannabis Control Commission.

The average price for a gram did rise slightly in November, back up to $8.04. Still, that was below September’s average price for a gram of flower, $9.17. The average price in September was also an all-time low at the time. So was the average price in August. [Read more at Boston.com]