Thursday, August 28, 2025
Weed Deep Dive
  • Politics
  • Lifestyle
  • Business
  • Medical
  • Shop
No Result
View All Result
Weed Deep Dive
  • Politics
  • Lifestyle
  • Business
  • Medical
  • Shop
No Result
View All Result
Weed Deep Dive
No Result
View All Result

Weed Markets are Oversaturating across the country

Graham Cooper by Graham Cooper
January 13, 2023
in Business, Featured
136
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
Views: 144

A new article at MJ Biz Daily has detailed how Massachusetts is being added to the list of marijuana markets with prices dropping significantly due to too much supply.

This month last year, the average price for a gram of flower was averaging $14.38. This year, it’s at $7.76 for the same amount, about a 50% drop.

The same thing is being seen in more mature markets like Colorado, Michigan, Oregon and Washington.

The pattern of starting huge and slowly realizing that the outlook on demand was maybe a little overzealous might just be the pattern for new markets, meaning we’ll be seeing New Jersey and Connecticut in a similar boat about a year or two from now.

The problem comes when companies build their whole strategy based on those inflated numbers.

“The difficulty these folks have is it takes several years between when you have the idea to actually getting online, let alone the whole process to do your first harvest,” Dennis Curran, chief operating officer of operator Acreage Holdings tells MJBizDaily.

“In that interim period, when folks are doing their planning and construction, the market’s bottom started to fall out.”

Massachusetts has seen its first store closure since legalization in Northampton due to the bottoming of prices. Hopefully the rest of the dispensaries can course correct in time.

Read the full story at MJBizDaily.

Previous Post

Seniors Are Heading To Emergency Rooms At Record Rates From ‘Cannabis-Related’ Issues

Next Post

21% Of Dry January Participants Use Cannabis Instead Of Alcohol

Graham Cooper

Graham Cooper

Related Posts

Advocacy Group Pushing Trump to Not Reclassify Cannabis Amongst Recent Talks

Advocacy Group Pushing Trump to Not Reclassify Cannabis Amongst Recent Talks

by Keegan MacDonald
August 26, 2025
0

A coalition of law enforcement, anti-marijuana, and religious organizations is urging President Donald Trump to reject a proposal to reclassify...

Illegal Weed Farm Busted In Sequoia National Park

Illegal Weed Farm Busted In Sequoia National Park

by Keegan MacDonald
August 26, 2025
0

Sequoia National Park, home to the world’s largest trees and iconic raptors like peregrine falcons and bald eagles, has long...

Federal agents in DC are saying Trump is tired of marijuana

Federal agents in DC are saying Trump is tired of marijuana

by Graham Cooper
August 21, 2025
0

We're in the midst of a federal takeover of Washington D.C. in order to help with crime, despite the data...

Own a Firearm and Like Medical Cannabis? A Federal Appeals Court Just Handed You A Win

Own a Firearm and Like Medical Cannabis? A Federal Appeals Court Just Handed You A Win

by Keegan MacDonald
August 21, 2025
0

A federal appeals court has sided with medical marijuana patients seeking to exercise their Second Amendment rights, deepening the national...

Next Post
21% Of Dry January Participants Use Cannabis Instead Of Alcohol

21% Of Dry January Participants Use Cannabis Instead Of Alcohol

Latest

Advocacy Group Pushing Trump to Not Reclassify Cannabis Amongst Recent Talks

Advocacy Group Pushing Trump to Not Reclassify Cannabis Amongst Recent Talks

August 26, 2025
Illegal Weed Farm Busted In Sequoia National Park

Illegal Weed Farm Busted In Sequoia National Park

August 26, 2025
Federal agents in DC are saying Trump is tired of marijuana

Federal agents in DC are saying Trump is tired of marijuana

August 21, 2025
ADVERTISEMENT
Sign up for the WDD Newsletter

Categories

  • Business
  • Featured
  • Lifestyle
  • Medical
  • Politics
  • Uncategorized

Recent Posts

  • Advocacy Group Pushing Trump to Not Reclassify Cannabis Amongst Recent Talks
  • Illegal Weed Farm Busted In Sequoia National Park

Browse by Tag

cannabis covid marijuana ban ncaa

AFFILIATES

© Weed Deep DIve. All rights reserved.

No Result
View All Result
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop

© Weed Deep DIve. All rights reserved.