I thought weed being legalized would be a longer lasting goldrush, but it looks like legalized weed is a very competitive market with inelastic demand, given the inability to legally sell beyond the border of a state. So, the inefficient producers are going under...
www.yahoo.com
Ganja glut? With excess weed, growers seek interstate sales
The email went out to legal cannabis growers around Washington state. “Liquidation sale,” it said. Across the Columbia River in Oregon, where the state’s top marijuana regulator recently warned of an “existential crisis” in the industry, it’s an open secret some licensed growers have funneled...
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