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California

Reasons You Can Expect to See High Wholesale Prices on All Cali Cannabis Well into 2020

There are many reasons why we think that wholesale prices for cannabis will continue trending upward well into 2020. Is this a good thing? Well, that probably depends on who you ask. Growers making more money is a good thing. But what if it comes with higher risk as well? Consumers are already shunning dispensaries due to high retail prices, so those can’t really go higher to make up for the higher wholesale prices, which is cool but it could cut into the margins of the dispensaries. $100 wholesale pounds sound like a surefire way to keep any discerning cannabis consumer far, far away from any regulated outlet. Lower the taxes at all links along the supply chain and lower the costly barriers of entry that currently keep so many legacy operators from entering the industry and maybe, just maybe, Cali can begin to live up to its potential as the largest legal cannabis marketplace on the planet.

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