After a slow start in late 2018, recreational marijuana sales in Massachusetts are surging – and on pace to exceed $1.2 billion this year and reach as much as $2.6 billion by 2025.
Cannabis businesses are attracted to a market that is densely populated and a licensing regime that prevents an oligopoly by allowing companies to operate only three adult-use stores and 100,000 square feet of cultivation canopy.
Strong business opportunities remain in cultivation and in select retail locations, including the underserved Boston area. Social equity applicants also have opportunities in marijuana retail and delivery services.
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