As Weed Prices Drop, Growers Try to Cut Costs and Increase Efficiency
Weed prices are falling, as formerly illegal pot growers are coming in from the cold and investing the money they’d been stashing under their pillows into legal grow sites—thus pushing up supply while making less money for cultivators.
An analysis by Bloomberg Markets views this as an opportunity for companies to cut production costs and focus on efficiency.
“Anybody that is investing in this sector or starting a business in this sector needs to be doing so with the understanding that the price of cannabis is going to drop precipitously,” said Troy Dayton, CEO of Arcview Group, a California-based cannabis investor group. “The agricultural technology space is already booming, and now they get to lay their hands on the cannabis industry.”
What strain are you smoking on today?
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Lemon Diesel (Hybrid)
Bred by Green Lantern Seeds, Lemon Diesel is the child of California Sour and Lost Coast OG. This cannabis strain grows tall with dense buds, and usually fills in most during the last couple weeks of growth. Its leaves are long and broad with purple-gray color during maturity. Flowering time is generally 9-10 weeks with a THC content up to 14% and CBD of 0.23%.
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