Washington State Legal Marijuana Growers Struggle to Sell Their Product Due to Oversupply
Washington State Legal Marijuana Growers Struggle to Sell Their Product Due to Oversupply
Washington’s legal marijuana market opened last summer to a dearth of weed. Some stores periodically closed because they didn’t have pot to sell. Prices were through the roof. Six months later, the equation has flipped, bringing serious growing pains to the new industry. A big harvest of sun-grown marijuana from eastern Washington last fall flooded the market. Prices are starting to come down in the state’s licensed pot shops, but due to the glut, growers are — surprisingly — struggling to sell their marijuana. Some are already worried about going belly-up, finding it tougher than expected to make a living in legal weed. ‘It’s an economic nightmare,’ says Andrew Seitz, general manager at Dutch Brothers Farms in Seattle. State data show that licensed growers had harvested 31,000 pounds of bud as of Thursday, but Washington’s relatively few legal pot shops have sold less than one-fifth of that. Many of the state’s marijuana users have stuck with the untaxed or much-lesser-taxed pot they get from black market dealers or unregulated medical dispensaries — limiting how quickly product moves off the shelves of legal stores.
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*THERE IS NO MONEY TO BE MADE IN LEGAL CANNABIS ANYMORE.*
No matter what the "oversupply," its not worth selling for cheaper than beer or vicodin.
So, lower your taxes, I know when you purchase marijuana it says 49% state sales tax. It must be hard for these people to make money growing. They have to sell it for dirt cheap to not get overtaxed. It’s all the same, regardless its just friends helping each other out n the side. Sorry Washington state, it’s basically free because of the overwhelming stock.
No ones going to pay $25 a gram when a street dealer sells it for $7 to $10 and there are a more than 25 street dealers.