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The Massachusetts Cannabis Control Commission voted on Thursday to schedule a public hearing to hear feedback regarding a potential freeze on new cannabis cultivation licenses and a temporary moratorium on adding canopy space for existing growers, the State House News Service reports.

At the hearing, testifiers could discuss the potential changes and licensing freeze, as well as the potential freezing of other cannabis industry licenses, as commissioners seek a plan to bolster current cannabis operations in the state.

There are 686 licensed cannabis cultivators in Massachusetts, more than three times the number in July 2023. Currently, 24 licensees are in a state of court-ordered receivership.

The average price of an ounce of cannabis flower in Massachusetts was $113.68 in December, the state’s lowest price on record.

Proponents of the licensing freeze say it could help address the market’s oversupply issues.

“Price compression is really unsustainable, people are operating on pennies on the dollar, and then it’s a race on raw volume versus quality of product.” — Commissioner Kimberly Roy, in a statement

“Unchecked canopy expansion has created structural oversupply, and without swift intervention, we continue to risk widespread economic harm to licensees in the communities that host them,” Roy said.

Based in Portland, Oregon, Graham is Ganjapreneur’s Chief Editor. He has been writing about the legalization landscape since 2012 and has been contributing to Ganjapreneur since our official launch in… More by Graham Abbott