Despite its relatively young age, America’s state-legal cannabis industry has been insanely lucrative. In just a few short years, the sector has generated billions of dollars in revenue, created hundreds of thousands of new employment opportunities, and filling state coffers with millions in tax revenue. However, while some cannabis farmers and companies have been laughing all the way to the bank, others are struggling to keep their heads above water and barely holding on. It has gotten so bad that California’s Humboldt County has okayed a $1 million grant to help cannabis cultivators survive amid a significant drop in cannabis wholesale prices.
With a growing number of players jumping into the sector, the cannabis market has been flooded with so much product that it has outweighed demand by a significant margin. Consequently, cannabis prices have been declining, ultimately falling to a…
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