There is too much Marijuana…

There is too much Marijuana…

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Michigan is emblematic of what’s been happening across the country all year — and why the industry’s been in a funk even as legalization spreads: Ill-fated hopes that a Democratic-controlled Washington might loosen decades-old restrictions on the drug have given way to a market glut and plummeting prices that have put scores of businesses at risk of collapse. In Colorado, prices have dropped by 51 percent over the last two years, according to BDSA, a cannabis analytics firm. The price of a pound of weed has plunged by 36 percent in Massachusetts and 46 percent in Missouri in just the...
Source: https://www.politico.com/news/2022/12/25/weed-prices-business-michigan-00075485