We all know the weed industry is on fire. Why then are wholesale pot prices bottoming out? Big business is getting the blame for growing more marijuana than the market demands and for pushing out smaller businesses that can’t keep up. In the past year, according to CannaSaver.com CEO Brian Shapiro, wholesale weed prices fell 60 percent in 2016, from $2,500 to $1,000, reported Forbes. Carter Laren, cofounder of the cannabis incubator group Gateway, said, “When marijuana sells for $750 a pound, it starts to become difficult to make a profit. When it gets somewhere below $500 a pound, it becomes impossible.” Experts concur there are two ways that businesses can compete in this new market, one of the fastest growing in the country, and that is by developing new cultivation technologies

Source: News – CannaBusiness Community

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