When the state legalized the neighbor city added a tax on all cannabis products. So 80% of the dispensaries opened in this city. Now those dispensaries are in a price war with each other. The number of places with giant signs out front about $30 ounces makes me think that a market correction is on the way.
Most states which legalized years ago have been having problems with over-supply. It’s driven down prices for consumers, certainly, but also made it hard for growers and distributors to make it - which is obviously very normal, I mean, if you have a town with 100,000 people, and some small fraction them actually want to buy weed and there are already 60 weed shops - no surprise. Many people who went to Colorado to start grow ops and seek their fortune went to Oklahoma a few years ago, and then wow, it turns out Oklahoma doesn’t have a limitless legal market and now they’re leaving Oklahoma.
When the state legalized the neighbor city added a tax on all cannabis products. So 80% of the dispensaries opened in this city. Now those dispensaries are in a price war with each other. The number of places with giant signs out front about $30 ounces makes me think that a market correction is on the way.
Most states which legalized years ago have been having problems with over-supply. It’s driven down prices for consumers, certainly, but also made it hard for growers and distributors to make it - which is obviously very normal, I mean, if you have a town with 100,000 people, and some small fraction them actually want to buy weed and there are already 60 weed shops - no surprise. Many people who went to Colorado to start grow ops and seek their fortune went to Oklahoma a few years ago, and then wow, it turns out Oklahoma doesn’t have a limitless legal market and now they’re leaving Oklahoma.