CarolKing
Singer of songs and a vapor connoisseur
There’s too much product in Washington state, and Marijuana Business Daily tells consumers to expect rock-bottom prices ahead.
Supply in Washington outpaced demand between July 2014 to November 2015, according to state records, with licensed growers producing about 16,000 pounds more during that period than retail stores sold.
What does that mean for you? MBD says prices may plummet—but you won’t be getting top-shelf quality.
Scores of cultivation companies have gone out of business in large part because of the oversupply issue, said Christopher Macaluso, a longtime cultivator in California who co-founded Canna Group, which provides consulting to cultivators in Northwest states.
Producers are now sitting on a substantial amount of surplus inventory, and the future of many of them is in jeopardy. Some could try to unload low-quality inventory at fire-sale prices, flooding the market and exerting artificial downward pressure on the broader wholesale price.
What's not even mentioned is that folks are probably going into Oregon to price match. Not sure what they are paying in Oregon? It's supply and demand. I go to a dispensary and its $10 a gram, it sounds like recreation is the same price. That's awesome news for someone that's buying for their personal use. Oregon and Colorado could you post what you guys are paying for your legal product? Just curious.
CK
- There’s Too Much Cannabis in Washington and Prices Could Plummet
Tuesday, January 5, 2016
Supply in Washington outpaced demand between July 2014 to November 2015, according to state records, with licensed growers producing about 16,000 pounds more during that period than retail stores sold.
What does that mean for you? MBD says prices may plummet—but you won’t be getting top-shelf quality.
Scores of cultivation companies have gone out of business in large part because of the oversupply issue, said Christopher Macaluso, a longtime cultivator in California who co-founded Canna Group, which provides consulting to cultivators in Northwest states.
Producers are now sitting on a substantial amount of surplus inventory, and the future of many of them is in jeopardy. Some could try to unload low-quality inventory at fire-sale prices, flooding the market and exerting artificial downward pressure on the broader wholesale price.
What's not even mentioned is that folks are probably going into Oregon to price match. Not sure what they are paying in Oregon? It's supply and demand. I go to a dispensary and its $10 a gram, it sounds like recreation is the same price. That's awesome news for someone that's buying for their personal use. Oregon and Colorado could you post what you guys are paying for your legal product? Just curious.
CK
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