Massachusetts Cannabis Real Estate & Regulations
Zoned Properties in Massachusetts
Population:
6.985 million (2021)
Local Zoned Broker:
Affiliated Partnerships Available
Number of Retail Licenses:
Licensing Status:
Awarding licenses since 2018
Legal Status:
Recreational
Cannabis Sales:
$4.63 billion (Adult Use Gross Sales since Legalization)
License Dynamic:
Limited
Delivery Allowed:
Yes
Drive Thru Allowed:
Yes
Own A Profitable Green Zone In Massachusetts: Let’s Be Your Guide!
Are you ready to own some of the most coveted Cannabis real estate properties in Massachusetts? Do you want a location that promises easy access to resources, business-friendliness, community acceptance, and a good ROI on the property? We’re your best bet.
With our extensive industry knowledge, you no longer have to worry about limited availability in compliant zones, complex zoning regulations, community resistance, high costs, stringent security requirements, and the need for proximity to infrastructure and transportation hubs. We’ve got you covered.
Whether buying, selling, leasing, or renting, you’re in safe hands with our experts. Send us a message today, and let’s connect you with profitable Cannabis property.
Site Identification
With our specialized expertise, we excel at pinpointing compliant zones ideally suited for cannabis businesses. Our extensive knowledge of highly regulated cannabis zoning and more ensures that we guide you seamlessly through this intricate landscape.
Brokerage
Our dedicated team of seasoned real estate brokers is here to facilitate the smooth sale, lease, rental, or purchase of cannabis properties. Enjoy a hassle-free process that enables you to maximize your ROI confidently.
Investment
Invest in real estate with unwavering assurance as we harness our profound understanding of the dynamic cannabis real estate industry to shape your decisions. We steer you towards lucrative ventures while safeguarding your investments against potential pitfalls.
Ready To Invest In Cannabis Real Estate In MA?
Since the launch of adult-use sales, the cannabis industry in Massachusetts has experienced steady growth. The number of licensed dispensaries and businesses has increased, providing consumers with a wide range of products and choices. The industry has created jobs and contributed to the state’s economy.
It’s the perfect time to invest in Cannabis real estate in Massachusetts.
Partner with us for a strategic edge—spot prime locations, negotiate favorable terms and align investments with Massachusetts’ cannabis industry. Rely on our expertise in property selection, risk assessment, due diligence, and financial modeling to flourish and reap returns.
Send us a message to find compliant zones in Massachusetts today!
Massachusetts Cannabis Regulations
State Cannabis Overview: Massachusetts legalized medical Marijuana in 2012, allowing for the use of the drug by qualified patients for medical purposes. In 2016, the state moved to legalize recreational marijuana through a ballot initiative known as Question 4. However, it didn’t take effect until July 2017.
The industry has gradually and consistently grown over the years since sales launched and is projected to grow more than 50 percent higher in 2023 than in 2022. Adult-use Marijuana sales are subject to the following:
- A state sales tax of 6.25%
- A state excise tax of 10.75%, and
- A local option tax for cities or towns of up to 3%
Licensing: The Massachusetts Cannabis Control Commission is tasked with processing business applications and issuing licenses, creating Cannabis regulations on use and sale, and creating policies that promote full participation and healthy competition in the industry.
The state of Massachusetts offers 11 types of licenses to Cannabis businesses, including:
- Craft Marijuana Corporative
- Cultivator
- Independent testing laboratory
- Marijuana courier
- Marijuana delivery operator
- Marijuana research facility
- Microbusiness
- Product manufacturer
- Retailer
- Standards laboratory
- Transporter
The state has already issued final and provisional licenses to 156 retail businesses; more are in the pipeline to be finalized in the coming months.
Local Authority: Massachusetts allows local authorities to create regulations further guiding the state’s use and sale of the drug. Municipalities can restrict, ban, or approve of the establishment of a Cannabis business within their borders. They can also dictate the building structure, zoning regulations, licensing, etc.
Municipalities may also levy a tax of up to three percent (3%) on businesses within their localities.
Maneuvering this highly delicate market can be challenging, and that’s why Zoned Properties is here to help you navigate the intricate real estate market. With our years of experience in the Cannabis industry, we will help you locate quality, trouble-free properties for your business in MA. Send us a message today!
Median Age: 39.6
Median Income: $39,667
Regulations last updated as of: August 2023
Have any Questions?
What is the size of the Massachusetts cannabis market?
The Cannabis market in Massachusetts is one of the promising ones, with a gross sale of more than $4 billion in only five years after sales launched. The state has racked up a whopping $637 million in recreational Cannabis sales alone in the first six months of 2023. Gross recreational Cannabis sales are expected to reach over $1.3 billion by the end of 2023.
Which towns in Massachusetts are Cannabis-friendly
If you’re looking to start a Cannabis operation in Massachusetts, some Cannabis-friendly towns you should consider include Aquinnah, Becket, Amherst, Bolton Chilmark, Cambridge, Leverett, Provincetown, Pelham, Somerville, Wendell, and a few others.
Who are the biggest cannabis growers in Massachusetts?
There are several successful Cannabis growers in Massachusetts. However, three brands that really stick out are Fernway, Bountiful Farms, and Happy Valley. These firms are so big they’re listed among the top 15 Cannabis businesses in the US.
Still have questions? Contact us
Disclaimer: The information provided on this website does not, and is not intended to, constitute legal, financial, or other professional advice. All information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; Zoned Properties does not recommend or endorse the contents of the third-party sites.
Sources:
https://masscannabiscontrol.com/open-data/sales-and-product-distribution/
https://masscannabiscontrol.com/license-types/#craft-marijuana-cooperative-closed
https://en.wikipedia.org/wiki/Cannabis_in_Massachusetts
https://pointsevengroup.com/marijuana-markets-united-states/massachusetts-cannabis/#:~:text=ADULT%2DUSE%20CANNABIS%20MARKET%20PROJECTIONS%20IN%20MASSACHUSETTS&text=In%202021%2C%20Massachusetts’s%20industry%20surpassed,anniversary%20of%20adult%2Duse%20legalization
https://mjbrandinsights.com/hottest-massachusetts-cannabis-brands/#:~:text=First%20of%20all%2C%20it’s%20no,currently%20tracks%20742%20cannabis%20brands.)
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