Up in Smoke: Marijuana Markets Struggle Amid Economic Hurdles
Legal marijuana markets in many states are facing economic challenges as consumption growth slows down and prices decline. According to the report, the total value of legal cannabis sold in the United States fell last year for the first time, while sales in older markets such as Colorado, Oregon, and Washington have been declining for several years. Industry groups are urging lawmakers to reduce regulatory burdens, lower taxes, and make policy changes as businesses contend with market pressures and competition from the illicit market.
Read the full Pluribus News article by Sophie Quinton by clicking here.