The Triumph of Illicit Cannabis Cultivation and Retailing In California and the Liquidation of the Artisanal Growers

Across much of the United States, legal cannabis firms are failing, and large sums of money are being lost. As noted in a recent Investopedia article, “Retail investors who once looked to cannabis to make them rich would now in many cases settle for getting their money back.” The collapse is most severe in the agricultural sector. Plummeting wholesale prices are driving most small-scale cannabis farms into bankruptcy. According to the same Investopedia article:

In California, … the wholesale price has wilted to less than $700 per pound. Some 60% of the… – Read More