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Senator backs study of supply and demand in Massachusetts cannabis market to address price collapse and oversupply
Summary
Senator Pallanos and industry witnesses urged the committee to require a comprehensive economic analysis of cultivation and market capacity (S.100) to inform licensing and stabilization policies.
Senator Paul P. Pallanos (testimony filed by sponsor) and several industry witnesses urged the Joint Committee to favorably report S.100, a bill to commission a comprehensive economic study of supply and demand for cannabis cultivation in Massachusetts.
Senator Pallanos told the committee the sector is at a "critical turning point" and described rapidly falling retail prices, shuttered businesses and concerns…
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