Cannabis prices in Massachusetts are sitting at their lowest point since the state’s recreational pot market opened more than seven years ago, industry data shows.
The average price of an eighth of an ounce of cannabis flower — a common purchase at a dispensary — slipped to $14.20 in November, according to data from the state’s Cannabis Control Commission. It has fallen by two-thirds from four years ago, when an eighth ran closer to $45.
The dramatic drop in prices mirrors trends in other states where marijuana is legal and the market has matured. The price decline is welcome relief for consumers even as the cost of many other goods continues to rise…