Please ensure Javascript is enabled for purposes of website accessibility

Massachusetts Dispensaries to Resume Recreational Marijuana Sales on Monday

By Eric Volkman - Updated May 22, 2020 at 8:11AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The state had been one of the few not to classify recreational pot dispensaries as essential businesses during the early stages of the coronavirus pandemic.

Dispensaries throughout Massachusetts are sure to spend this weekend preparing for their big day on Monday. That's when the recreational cannabis market will come roaring back, after being effectively shut down during the opening phases of the "stay in place" measures enacted by the state. 

As part of a general move to reopen certain businesses in the wake of the coronavirus pandemic, the state's Cannabis Control Commission is permitting sellers of recreational product to peddle their wares. They won't be fully open, but will be allowed to conduct curbside sales.

Generic marijuana dispensary sign.

Image source: Getty Images.

Massachusetts was exceptional among states that have legalized recreational cannabis in that it did not classify dispensaries of this form of the drug as essential businesses -- i.e., those allowed to operate during the widespread mandatory shutdowns in the early stages of the pandemic.

All told, according to the commission, there are 44 dispensaries in Massachusetts selling recreational marijuana. Of those, 14 sell only this form of the drug and do not retail medical cannabis.

One notable dispensary operator in the state is marijuana company Curaleaf (CURLF 3.02%), headquartered in the town of Wakefield. The company operates three retail outlets that sell recreational product; all will be dispensing these goods starting on Monday.

"We expect sales to be brisk as a result of pent-up demand," Curaleaf said, without providing any estimates. The company added that it is complying with all regulations set by the state for this reopening, and it will take the appropriate steps to safeguard the health of employees and customers.

In contrast to the slump of the wider stock market on Thursday, Curaleaf's stock rose on the day to close nearly 3.3% higher. 

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Curaleaf Holdings, Inc. Stock Quote
Curaleaf Holdings, Inc.
$5.93 (3.02%) $0.17

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/19/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.