Thursday, July 10, 2025
MWH
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
Marijuana with Hemp
No Result
View All Result
Home Business

Weed Markets are Oversaturating across the country

Graham Cooper by Graham Cooper
January 25, 2023
in Business, Featured
Share on FacebookShare on Twitter
37

A new article at MJ Biz Daily has detailed how Massachusetts is being added to the list of marijuana markets with prices dropping significantly due to too much supply.

This month last year, the average price for a gram of flower was averaging $14.38. This year, it’s at $7.76 for the same amount, about a 50% drop.

The same thing is being seen in more mature markets like Colorado, Michigan, Oregon and Washington.

The pattern of starting huge and slowly realizing that the outlook on demand was maybe a little overzealous might just be the pattern for new markets, meaning we’ll be seeing New Jersey and Connecticut in a similar boat about a year or two from now.

The problem comes when companies build their whole strategy based on those inflated numbers.

“The difficulty these folks have is it takes several years between when you have the idea to actually getting online, let alone the whole process to do your first harvest,” Dennis Curran, chief operating officer of operator Acreage Holdings tells MJBizDaily.

“In that interim period, when folks are doing their planning and construction, the market’s bottom started to fall out.”

Massachusetts has seen its first store closure since legalization in Northampton due to the bottoming of prices. Hopefully the rest of the dispensaries can course correct in time.

Read the full story at MJBizDaily.

Visits: 1

Visits: 455
Previous Post

Seniors Are Heading To Emergency Rooms At Record Rates From ‘Cannabis-Related’ Issues

Next Post

Weed Markets are Oversaturating across the country

Graham Cooper

Graham Cooper

Next Post
Weed Markets are Oversaturating across the country

Weed Markets are Oversaturating across the country

ADVERTISEMENT
  • Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    0 shares
    Share 0 Tweet 0
  • Where is marijuana on the ballot in November?

    0 shares
    Share 0 Tweet 0
  • Doordash gets into the Weed Delivery Business

    0 shares
    Share 0 Tweet 0
  • Kamala Harris Didn’t Talk With Rogan About Legalization, She Should Have

    0 shares
    Share 0 Tweet 0
  • Barstool Sports Delves Into the Realm of Cannabis

    0 shares
    Share 0 Tweet 0
  • Trending
  • Comments
  • Latest
New Jersey To Open Cannabis Lounge Applications In Coming Months

New Jersey To Open Cannabis Lounge Applications In Coming Months

March 5, 2025
Study Finds that Psychedelics Allow People  to Perceive Consciousness in More Parts of the World

Study Finds that Psychedelics Allow People to Perceive Consciousness in More Parts of the World

April 26, 2022
Ohio legalizes marijuana with a large majority and is immediately hit with backlash

Ohio legalizes marijuana with a large majority and is immediately hit with backlash

0
New Studies Show Increased Of Heart Disease If You Consume Cannabis

New Studies Show Increased Of Heart Disease If You Consume Cannabis

0
Texas Becomes 40th State to Legalize Medical Cannabis

Texas Becomes 40th State to Legalize Medical Cannabis

July 9, 2025
Marijuana Rescheduling Still In Limbo, Here’s the Latest

Marijuana Rescheduling Still In Limbo, Here’s the Latest

July 9, 2025
ADVERTISEMENT
Marijuana with Hemp

Browse by Category

  • Business
  • Featured
  • Hemp Politics
  • Latest News
  • Lifestyle
  • Medical
  • Medical Marijuana
  • Politics

Recent News

Texas Becomes 40th State to Legalize Medical Cannabis

Texas Becomes 40th State to Legalize Medical Cannabis

July 9, 2025
Marijuana Rescheduling Still In Limbo, Here’s the Latest

Marijuana Rescheduling Still In Limbo, Here’s the Latest

July 9, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Marijuana With Hemp

No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop

© 2024 Marijuana With Hemp