Pot Prices Plummet

It’s the small business without deep pockets or other sources of revenue that’s directly threatened. They’re still on the hook for state taxes, of course. The numbers simply won’t match up.

I was surprised to learn that the bottom had already fallen out of the pot market in Michigan.

Apparently the Wolverine State now produces three times as much legal cannabis as consumers need (or presumably, want).

As a result, the price per ounce is now around one-quarter of what it had been.
A national weed glut is causing prices to plummet and imperiling businesses
Same problem in Colorado, one of the pioneers along with Washington in the legalization movement. They’re seeing price drops of 50% for the recreational stuff. I understand the smaller commercial pot businesses, the ones less well financed -- there are a lot of those around -- are teetering on the edge of failure.

We were told to expect a ‘shakeout’ of the marketplace at some point, but this quickly? I don’t think so. States like Missouri only legalized a year ago, and the bottom is already falling out of their market. Demand’s up, but profits are way down.

If the so-called ‘recreational’...

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Pot Prices Plummet

It’s the small business without deep pockets or other sources of revenue that’s directly threatened. They’re still on the hook for state taxes, of course. The numbers simply won’t match up.

Pot Prices Plummet

It’s the small business without deep pockets or other sources of revenue that’s directly threatened. They’re still on the hook for state taxes, of course. The numbers simply won’t match up.

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