Mass. Cannabis Regulators Consider Freezing Grow Licenses

Massachusetts regulators want to press pause on issuing new licenses for cannabis grow sites in hopes of stabilizing the struggling market.

The big picture: Massachusetts’ cannabis industry is grappling with high operational costs, red tape and an oversupply of flower.

Catch up quick: Several cultivation sites and retailers have closed as wholesale prices drop, including Ayr Wellness’ facility in Milford in August.

• Ayr’s closure resulted in 157 job losses.
• Meanwhile, the average price for an eighth of an ounce of pot fell to a new low of $14.20 in November, per Cannabis Control Commission data. (In 2021, the average price was $45.)

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