Massachusetts Medical Cannabis News
Cannabis growers are confronting the same issue that threatens to upend the wine industry and other agricultural-based businesses – shifting weather patterns and climate change.
Those shifts are forcing cannabis growers to rethink how to cultivate their plants.
U.S. and Canadian marijuana retailers are discounting their products more and more, forgoing billions of dollars in revenue since the launch of adult-use markets in recent years.
Marijuana industry finance company Safe Harbor Financial is lending beyond its home state of Colorado, handing a $5 million loan to Massachusetts-based Solar Cannabis.
We can’t educate people about cannabis nearly as fast as new consumers will come into the marketplace, and so because the rate of cannabis education is much, much slower than the rate of new consumers coming into dispensaries, the average education level of consumers will continue to decline to nearly zero.
Companies that cultivate cannabis in multiple states must use different strategies depending on a market’s maturity, the climate and what consumers will pay for the products.
Most of the largest U.S. marijuana multistate operators experienced revenue declines in the first quarter of 2022 versus the previous three months, reflecting seasonal factors, declining cannabis prices and inflationary pressures that could be curbing consumer spending.
Russia’s invasion of Ukraine and ongoing supply-chain issues are causing a global fertilizer shortfall, leading cannabis growers to brace for higher prices.
