After an initial shortfall of recreational cannabis in Washington State, some retail stores now have so much inventory that they’re turning down growers.
Chalk it up to a huge spike in supply as licensed cultivation businesses – particularly outdoor growers – complete their first major harvests.
The supply pipeline is so strong now that one store owner in Vancouver told a local newspaper that he will “never run out of product again.”
The entrance of more growers into the market has led to a noticeable drop in prices at the wholesale and retail levels. Some stores, for instance, have been able to lower prices on certain strains to less than $20 a gram vs. $38 a week ago.
Washington’s new recreational market struggled after launching in July amid a severe shortage of cannabis, leading to accusations of price gouging.