Huge Buzz Kill for U.S. Pot Producers as Prices Plunge on Rising Supply

By:
Flickr / Robert Couse-Baker / (CC BY 2.0)

Flickr / Robert Couse-Baker / (CC BY 2.0)

The increasing supply of legal marijuana is turning into a major buzz kill for growers as prices plunge — and an opportunity for companies that can help cut production costs.

“Anybody that is investing in this sector or starting a business in this sector needs to be doing so with the understanding that the price of cannabis is going to drop precipitously,” said Troy Dayton, chief executive officer of Oakland, California-based Arcview Group, a marijuana investor consortium.

View Original Article Here

Repost is the designation for articles collected from the Internet whose content may interest our readers. These articles are not written by our staff and they do not necessarily reflect our views.

Related posts

Top