It has been over seven months since the first recreational dispensaries opened here in Massachusetts. Cultivate and NETA Northampton were the first to dip into the recreational market on November 20th, 2018. Even though they were far from the Boston area, both dispensaries managed to rake in MILLIONS of dollars in less than a week.
That was last year. At March, the number of recreational dispensaries grew to a total of ten in Massachusetts. Now, that number has doubled for a total of TWENTY recreational dispensaries.
We have over fifty medical dispensaries open in Massachusetts, with twenty of them open for adult use as well. That figure translates to roughly 2/5th or 40% of dispensaries opening for recreational use alongside with medical. Here we are at June 27th and the dispensary list is growing even further.
But it’s the recreational dispensary list where things get really interesting. As the list of medicinal dispensaries grow, so do the recreational ones. And those dispensaries have been opening up for recreational use faster than ever. The demand for recreational cannabis is skyrocketing so high (PUN INTENDED) that businesses are making their push for adult use to satisfy their audiences.
At the same time, that high demand for recreational dispensaries creates a questionable future for the medicinal industry. Will there still be new medicinal dispensaries opening up around Massachusetts? Could they cave into the insurmountable pressures of the consumer market and allow for recreational use? Is there any foreseeable hope for medicinal dispensaries in the near future?
With the list of recreational dispensaries doubling in numbers already, there is no telling what lies ahead for the medicinal cannabis market. Businesses will have to devise some clever tactics in order to keep afloat in the ever-changing cannabis industry. Whether it be through marketing or public relations, companies will have to pull out any and all of their tricks to survive.
Recreational dispensaries have already doubled in numbers. It won’t be long until that number grows even further. That, along with the measures to start opening cannabis cafes, will lead to a brighter future for the cannabis industry. This is the beginning of a booming industry that will rapidly change within the next few years.
First it was the medicinal market that was popular. But now all signs point towards the recreational market.