State Profile: Massachusetts
2016 Legal Cannabis Market
Arcview Market Research provides unparalleled analysis and reporting into the key developments, trends and opportunities in the legal cannabis industry. This 2016 Massachusetts Legal Cannabis Market State Profile, co-produced with New Frontier Data, provides actionable intelligence for the state poised to be the cannabis capital of the world due to its vacinity of many of the most populous places in America.
Over the next four years, the legal cannabis market in Massachusetts is forecast to grow from $52.0 million in 2016 solely from medical use sales, to an estimated $1.07 billion in 2020 with medical and adult use sales combined. The full regulatory structure and key program details of the adult use market remain to be determined, and the market could take a few different directions depending on the actions of the Massachusetts Cannabis Control Commission and local municipalities across the state. However, the broad parameters of the law create an opportunity for an open and expansive market.
Key trends that will be critical in shaping the growth and evolution of Massachusetts’ market covered in the report are:
- Interplay between the medical and adult use markets
- Competition from bordering states with legal medical and adult use programs
- Regional, national, and international tourism demand
- Physician participation and its impact on medical program growth
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