Highly potent weed creating marijuana addicts worldwide, study says | CNN
Higher-strength marijuana products are causing more cannabis addictions worldwide, increasing depression, anxiety and psychosis, a new review found.www.cnn.com
Nobody will like this article.
It's potentially worth discussing. I can only relate to my own experiences.
mjbizdaily.com
Lots of factors to consider.How big will legal weed get? 2 factors limit market size, even if US legalizes cannabis.
Too much taxation and regulatory baggage is a recipe for illegal weed to flourish. For price-sensitive consumers, legal weed may not be worth it.www.usatoday.com
mjbizdaily.com
www.npr.org
www.pressherald.com
This has been the trend in many emerging legal states, the markets (growers) can't adjust in real time, most of them over-estimate their potential market and underestimate competitive influences, and consumers benefit from the oversupply condition.More on the deflation front.
Recreational marijuana prices dropping as product floods the market
With a gram of flower now at $9.26 per gram, industry officials say cultivators overestimated the market and are sitting on a glut of unsold product.
“It’s good news for customers whose wallets have been taking a hit, but it may be bad news for cultivators, who industry officials say overestimated the market and are sitting on a glut of unsold product.
When the adult-use market launched in October 2020, the average price per gram for flower was $15.83.
It decreased to an average of $12.75 per gram in 2021, and by June 2022, it had fallen further to $9.26 per gram. The year-to-date average is $10.29 per gram.”
www.koco.com
I would love to see overproduction bring down prices here in Illinois, but the state very deliberately kept the number of legal grows very low to prevent this possibility. That is why the prices are still too high here to attract a large segment of the market. Most of the flower buyers I know, myself included, are still buying from the black market.This has been the trend in many emerging legal states, the markets (growers) can't adjust in real time, most of them over-estimate their potential market and underestimate competitive influences, and consumers benefit from the oversupply condition.
When federal legalization happens, will the industry need stabilization subsidy like other agriculture? Will canna farmers be paid to NOT grow cannabis?
Can't prove it but I suspect most regulators are too busy setting up mini-monopolies to worry about what's best or what's ideal.Growing weed might be too easy for big agribusiness to profit off of it long term.
Maybe the solution is to encourage small operations. I believe testing costs are a barrier for smaller farmers. Why not have the government run the testing facilities as a non profit public service? Reduce taxes on cannabis to discourage the black market and use the entirety of that tax revenue to run the labs.
The "nobody wants to work anymore" crowd likes to point out that America was founded on "hard work". Sure. But for yourself. Not for some godless multinational corpo. The vision of the Founders was to have smallholder farmers making their own destiny from sea to shining sea. Why not roll that 18th/19th century ideal out again...now featuring cannabis.
Part of the issue here in Maine is the med market is so wide open, and so easy to enter (a 40 dollar phone consult), that the rec market supply side way overestimated demand. It’s so cheap to get a card, and product options are so much better (ie you can get delivery from med sellers but not rec merchants, for one example) that it doesn’t make much sense to deal with the rec market. Everyone I know has a card. I literally don’t know any ME residents who patronize the rec market.This has been the trend in many emerging legal states, the markets (growers) can't adjust in real time, most of them over-estimate their potential market and underestimate competitive influences, and consumers benefit from the oversupply condition.
When federal legalization happens, will the industry need stabilization subsidy like other agriculture? Will canna farmers be paid to NOT grow cannabis?
The maine medical market is absolutely where its at. Probably the best bud Ive ever had is from Maine.
I know, crazy, right? The quality here is amazing. I can’t speak to it relative to other markets as I’ve lived here for 19 years now (and it’s not fair to compare 2022 cannabis to stuff we consumed two decades ago) but it is a really one of few things this state seems to have gotten absolutely right. Watch us fuck it up somehow.
My state has been whining about not getting as much $$ out of us as they could, but it is their own damn fault. I would much rather buy my goods at a dispensary, but not at these prices.
Fact check: Illinois marijuana revenue $600M below potential
Gov. J.B. Pritzker is touting how much marijuana revenue Illinois received in 2021. But high taxes and regulatory blunders have kept Illinois weed between $200 million and $600 million shy of its potential.www.illinoispolicy.org
