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Re: surfkast post# 33584

Sunday, 03/04/2018 9:42:00 PM

Sunday, March 04, 2018 9:42:00 PM

Post# of 45833
Thanks for the good news :"The price likely won’t drop immediately because the initial wholesale supply will be limited.

And that will keep the price up, for a couple of reasons:

The state is issuing temporary permits for companies, and only temporary license holders can do business with other temporary license holders, creating a limited market.
Businesses need both state and local licensing approval, and only 25%-30% of the state’s municipalities have agreed to allow cannabis commerce.
In other words, the initial limitations could keep the supply down and wholesale cannabis prices propped up for the short term"