New York Residents Play Huge Role In Massachusetts’ Cannabis Market Surge

by | Cannabis News | 0 comments

A few miles beyond the border of New York lays a city in Massachusetts called Great Barrington and everyone from New York is flocking there. Great Barrington hosts one of Massachusetts’ top cannabis retail stores called Theory Wellness. It’s a high-end recreational store with an average wait time of 2 hours on the weekend.

Since New York has not yet legalized cannabis, its residents are running to its closest neighbors, Massachusetts, where cannabis became legal in November 2018. This influx from surrounding states has helped catapult the Massachusetts cannabis market to a level that has exceeded expectations. According to Theory Wellness, the majority of their customers came from out of state, such as New York and New Jersey, rather than within the state of Massachusetts. This is great for their business now but a little scary once cannabis is legalized in those states.

To put all of this into financial perspective, Theory Wellness has earned over $11 million in revenue since opening its shop in January of this year. These numbers are absolutely incredible.


Submit a Comment

Your email address will not be published. Required fields are marked *

Greenlight Business Solutions LLC

Free Instant Download

Want to learn the differences in Marijuana Licenses in Massachusetts?

Enter your email for access to this helpful packet breaking down each license and the general necessities for anyone starting their own business.

Success! You will now be redirected to the free instant download.