A cannabis glut in several states has depressed prices for legal pot, pushing small businesses into turmoil.
The legal cannabis trade, still in its infancy, is flailing in many parts of the country as the pandemic boom that sent sales soaring has tapered off. Supply is now flooding the market in several states, economists say, depressing prices and decimating already-thin margins. And competition is sure to escalate as decriminalization spreads, large growers adopt more cost-effective technologies and the illegal market not only endures, but thrives.
The turmoil is mostly lost on consumers… Read the Rest at The Washington Post