Canadian marijuana stocks are still struggling to find momentum, with U.S. legislation in flux. So are any Canadian marijuana stocks buys now? Read More...
TheStreet.com
It’s a Cannabis Buyers’ Market
Cannabis companies in the U.S. and Canada are turning to discounting their products to reduce inventories as the burgeoning marijuana market starts to get crowded with new players. The combined discount on mainly recreational cannabis sales in nine U.S. states (Arizona, California, Colorado, Illinois, Massachusetts, Michigan, Nevada, Oregon, and Washington) have jumped to 15% in April 2022 from 7% in June 2017, according to retail data from analytics firm Headset. Total flower discounts in Washington, for instance, reached 20% for the first time in November 2021 and rose above 23% in April 2022.
