Worcester Business Journal

June 12, 2023

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wbjournal.com | June 12, 2023 | Worcester Business Journal 15 0 $3 $6 $9 $12 $15 N D '18 J F M A M J J A S O N D 2020 2021 2022 2019 '23 J F M A High: $14.20 Average price per gram Low: $6.05 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D Since the first adult-use dispensaries opened in Massachusetts in November 2018, the price of legal cannabis remained relatively steady before beginning to fall dramatically in the second half of 2021. Falling price of marijuana Source: Massachusetts Cannabis Control Commission B U S I N E S S O F C A N N A B I S F O C U S the state may re- consider. ere are also similar issues across other parts of the industry, such as a require- ment of businesses keep surveillance videos for 90 days, oen leading to significant fees for cloud storage. CCC is looking to the example of the state's Alcoholic Beverages Con- trol Commission, which tries to work cooperatively with the companies it regulates, O'Brien said. For example, when the agency held a series of in-per- son meetings with licensees to answer questions, rather than just focusing on punishing rule-breakers, violations were cut in half. "Massachusetts is one of the friend- lier cannabis economies in the country, both in terms of the regulators being more proactive than in other places and listening more deeply," said Max Simon, CEO and co-founder of Green Flower, a California-based company providing training for cannabis professionals. And once again, your Best Bank. Your local bank. Your community bank. Thank you for voting us Worcester's Best Bank for Business. Connecting all offices: 800.578.4270 • www.unibank.com Member FDIC/Member DIF Contact us at 508.849.4303, scan this code or visit unibank. com/business for all your business loan and deposit needs. OFFICIAL FOUNDING PARTNER OF THE Continued on next page Max Simon, CEO and co-founder of Green Flower

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