Reported about 19 hours ago
The cannabis market is experiencing a dramatic decline in prices, with some states seeing costs per ounce drop from hundreds of dollars to as low as $60 due to oversupply and increased competition among dispensaries. While consumer prices have surged in general, cannabis remains surprisingly cheap, leading to a majority of growers and retailers struggling financially. Analysts suggest that excessive market licenses and lack of demand regulation contribute to the price collapse, raising concerns about the sustainability of the industry.
Source: YAHOO