Pennsylvania Marijuana Market In Tumult Amid Falling Prices, Consolidation
This trend of consolidation is playing out across the U.S.
The Pennsylvania medical marijuana market is in upheaval, with smaller companies getting squeezed by falling wholesale prices while their ranks are thinned by growing consolidation among multistate operators.
The situation has spurred independent operators to call on the state government for help, with one company accusing marijuana regulators of failing to enforce the rules and allowing monopolistic control.
This trend of consolidation is playing out across the U.S. cannabis industry, and Pennsylvania is a case in point.
Cannabis companies there report sliding wholesale prices for medical marijuana as the state’s patient count plateaus and more production comes online.
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