Companies and Brands

Massachusetts Kicks Off Recreational Marijauna Sales

Thinkstock

Voters in Massachusetts approved legal sales of marijuana and related products more than two years ago. On Tuesday, the state’s first two retail outlets opened for business. These stores are the first state-legal recreational marijuana retailers east of the Mississippi River.

First in line at a retail store in Northampton was Mayor David Narkewicz who said he planned to preserve and display his purchase “because I think it is historically significant,” according to a report from CBS News.

After a couple of hundred more words, the report closes with this:

[R]etail stores [in Massachusetts] had to meet a number of rigorous conditions laid out by the state before opening. The initial small rollout is intentional. Lawmakers are hoping to avoid problems other states, like Colorado, have faced such as increases in crime.

What about all that crime in Colorado? Crime rates are up since legal recreational sales of marijuana began in 2014. Between 2013 and 2016, the U.S. crime rate has declined to fewer than 3,000 crimes per 100,000 people. In Colorado, the crime rate rose 5% in the same period. The national increase in violent crime was less than 5%; in Colorado, violent crime increased by 12.5%.

In Denver, the crime rate is up 4% during the period and violent crime is up 9%. But the numbers don’t really prove anything Denver Police Commander James Henning told CNN back in April:

[Property crime is] the biggest driver of our [overall] crime, and of our increases. So, can you attribute that to marijuana? I don’t think you can. The data isn’t there. … The data is so tough to nail down and say this crime happened because of marijuana. It’s just almost impossible to do that.

Henning did comment that the police force has added more officers “to police the illicit weed market” that continues to grow.

What’s going on? Illegal sales rise because they undercut the price of legal weed that is taxed and regulated. And some law enforcement officials think the recreational marijuana sales attract an undesirable element into the state’s cities. Larimer County Sheriff Justin Smith told CNN that one of three inmates in the county jail is a transient who is there for the weed. Are students at Colorado State in Ft. Collins (in Larimer County) transients?

So far police in Northampton and Leicester, the other city with a retail store opening today, report nothing more than long waits to get into the stores.

Are You Ahead, or Behind on Retirement? (sponsor)

If you’re one of the over 4 Million Americans  set to retire this year, you may want to pay attention.

Finding a financial advisor who puts your interest first can be the difference between a rich retirement and barely getting by, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been carefully vetted, and must act in your best interests. Start your search now.

Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.