NEW BEDFORD, Mass. (WPRI) — A cannabis dispensary opened its first outlet store in Massachusetts, promising “everyday low pricing” on all of its products.

Ascend Wellness Holdings, Inc. held a grand opening Friday morning at its new location on Coggeshall Street, which included a VIP ribbon cutting with local officials in attendance.

The store is Ascend’s first outlet dispensary in the Bay State and its third overall.

“Ascend outlet locations allow customers to purchase the same high-quality products at an everyday low price, making Ascend’s top-tier brands accessible to all consumers,” the company said.

The company will only sell adult-use cannabis, offering flower, edibles, vapes and concentrates.

“Jobs that we have seen from cannabis dispensaries such as Ascend, have been producing salaries and wages well above the median income range in the city of New Bedford, we are talking good paying jobs, family-sustaining wage jobs,” said Ian Abreu, city council president.

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According to the company’s host community agreement, the city of New Bedford will benefit from Ascend and has already received an initial $25,000 payment from the company.

There will also be an annual charitable contribution of $50,000 or 1.5% of gross retail sales — whichever is higher. That will go to New Bedford-based substance abuse prevention programs as well as education programs in city schools.

If gross sales reach $2.5 million, there would be an additional $50,000 contribution.

Ascend New Bedford will be open from 10 a.m. to 8 p.m. daily.