In November 2020, the state of Massachusetts voted to legalize the sale of recreational cannabis. This monumental decision has had a profound effect on the economy of Framingham, MA, and the surrounding area. Let’s look at how cannabis in Framingham, MA has impacted the city and its people.
Job Opportunities for Residents
Since legalization, there have been numerous job opportunities created within the cannabis industry in Framingham.
For example, there are now positions available for budtenders, delivery drivers, inventory managers, retail store workers, and more. Most of these jobs are well-paying with excellent benefits; many offer guaranteed hours and flexible schedules as well. This means that more residents can find stable employment in an industry that is growing rapidly.
Tax Revenue Increase
The legalization of recreational cannabis in Framingham MA, has also had a positive impact on tax revenue in Framingham. Since businesses must pay taxes on all sales made within their stores or online platforms, this has resulted in an influx of new tax dollars for the city to use for public programs and infrastructure projects.
This is great news for local businesses as well as residents who benefit from increased public services such as improved roads and schools.
Boost to Local Economy
As more people visit dispensaries or purchase products online, this translates into increased spending power across various industries throughout Framingham. Businesses that support the cannabis industry, such as delivery companies, software providers, and advertising agencies, have seen an uptick in demand since legalization took effect.
Additionally, many restaurants and other small businesses have benefited from increased foot traffic thanks to customers visiting dispensaries or making purchases online. All this extra spending power helps drive economic growth across multiple sectors within Framingham’s economy.
