A jump in cannabis sales in California is helping to pump life back into bulk prices from lows. After a jaw-dropping fall in raw product prices in November 2021, cultivators struggled to battle:
A booming black marketHigh taxesLimited retail distribution outlets
To the industry’s delight, California cultivators saw a slight rise in wholesale prices and demand in January.
Devin Calloway of Eco Farm Holdings/Thrive Society reported a 300% jump in sales volume and a 15%-20% uptick in price per pound in the first month of 2022.
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