With capital flowing quickly into the Cannabis Industry, every segment of the supply chain from grow to retail sales has seen significant growth. Consumers have been some of the biggest beneficiaries of this rapid investment. Some markets have seen the cost of a single pound of marijuana drop by over $1000 in the last year. There are indications that the cost reduction will continue.
While that is welcome news for cannabis consumers and patients, the investment in technology and facilities have cut into the industry’s profit margins. Competition and operational innovation are sure to thin out the number of businesses operating at every step of the supply chain going forward. Capitalism is alive and well in the Cannabis industry!
As a consumer, has your pocketbook benefited the increased competition in the recreational and medical marijuana business?