Monday, July 14, 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

Wholesale Prices for Weed are Way Down, alarming growers

Graham Cooper by Graham Cooper
August 9, 2021
in Business, Featured
Share on FacebookShare on Twitter
1,100

In California, the price that wholesale marijuana is being sold has plummeted, with outdoor farmers selling for 60% less since earlier this summer, according to MJBizDaily.

Indoor farmers are fairing better, with prices down just 10-20%, but still on a downward trend.

The correlation is rather simple on this one, with the quantity of marijuana being produced rising to a level that is imbalanced with demand.

“Probably a conservative estimate is we’re producing about twice what the domestic market can consume, and that’s with current permitting levels,” Ross Gordon, policy director for the Humboldt County Growers Alliance, tells MJBizDaily.

One of the reasons for the discrepancy between outdoor and indoor is that the appetite for higher-tier quality cannabis is still on the rise, which is typically grown indoors.

“For commercial grows, non-AAA, you’re probably at a 40% price compression. Outdoor is 50%-60% price compression, and premium indoor is only 10-20% price compression,” says Scott Raquiza, a cultivation consultant.

California has no cap on cultivation permits, so the number of sites keeps growing every year. It seems we’re in the midst of a correction, at least in this state.

The most unfortunate prediction from some farmers is that this trend won’t pick back up any time soon, with some forecasts lasting months, and some over a year. Summer typically comes with a boost in price per pound, but this year that increase didn’t materialize.

Read the original at MJBizDaily.

Visits: 629
Previous Post

15% of Workforce stuck at home consumes Marijuana

Next Post

Beyoncé starting her own Hemp Farm

Graham Cooper

Graham Cooper

Next Post
Beyoncé starting her own Hemp Farm

Beyoncé starting her own Hemp Farm

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