Marijuana growers in mature markets call for license moratorium amid falling prices

Calls are increasing among marijuana growers to stop licensing new cultivation businesses in more established recreational cannabis markets including Colorado, Michigan and Oregon.

Marijuana growers in those states and others in the industry are appealing to their regulators and lawmakers to help cultivators struggling financially because of overproduction of flower and depressed prices on the wholesale market.

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They argue that too much production makes it impossible to survive as a cannabis grower.

Others contend that artificial controls such as licensing moratoriums stifle competition and prevent the market from taking its natural course.

“We cultivate and certainly want to see the free market do its work,” said John McLeod, co-founder and head of markets at Cloud Cannabis Co., a vertically integrated cannabis company based in Tory, Michigan.

“We think that people putting out the best product will be able to be successful. But we also don’t want to see

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Calls are increasing among marijuana growers to stop licensing new cultivation businesses in more established recreational cannabis markets including Colorado,… Continue reading
The post Marijuana growers in mature markets call for license moratorium amid falling prices appeared first on GrowCola.com.