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

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.

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