Wholesale cannabis prices stabilized or rebounded in some key markets through the summer, but cultivators should brace for renewed downward pressure as the fall harvest boosts inventories through the end of the year, experts say.
Chalk it up to simple supply-and-demand dynamics.
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“Over the course of this month, you start to see a huge buildup of inventory across the industry,” Ben Burstein, strategist at New York-based wholesale cannabis platform LeafLink, told MJBizDaily in an interview.
“You start to get huge surpluses of excess product, and at these times, especially around the harvest season, it causes big price declines.”
Data collected in 13 states by the LeafLink platform shows that after months of record-breaking lows, wholesale marijuana flower prices have stabilized in a few key, older markets such as California and Michigan.
Producers in the states, who have long struggled with low prices, will benefit, while retailers
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