New CBD Strain in MN Will Help Company Cut Costs

A new strain of medical marijuana being cultivated in Minnesota has one CEO expecting to be able to slash his company’s prices by up to 10% next year.

Kyle Kingsley, the head of Minnesota Medical Solutions, told an NBC affiliate in Minneapolis that a new strain his company has produced has a 34-to-1 ratio of CBD to THC, meaning it will take less plants to produce more medicine. By comparison, the well-known Charlotte’s Web CBD strain from Colorado has a 20-to-1 CBD to THC ratio, Kingsley said.

That in turn means he’ll be able to slash costs next year, he said, which could in turn boost the company’s bottom line by attracting more customers. Currently, Kingsley said, customers spend between $100 and $1,000 a month on medication at their dispensaries, and the high price of MMJ has led many customers back to the black market.

MinnMed, as Kingsley’s company is known, has almost certainly been looking for ways to slash costs since this past summer, when a surge in customers taking advantage of a discount program led the company to increase prices dramatically.

One comment on “New CBD Strain in MN Will Help Company Cut Costs
  1. Joe Nagan on

    Mn is the worst case is graft and coruption in the industry. The gov gave it away to two companies that paid their way in for a monopoly on the medical cannabis market….who owns the companies will tell you the facts…

    Reply

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