Cannabis Strategic Ventures (NUGS)

[Scumbag Fraudsters]

What have I been tellin' ya?

I've been saying that buying more property and growing more plants is NOT the solution - there's already way too much weed flooding the market.

And now comes this story today:

Marijuana farmers in California are now receiving the lowest price for their crop since cannabis was legalized in 2018 — calling into question whether what was once thought to be a slam dunk cash crop is even still worth planting

The problem: There’s simply too much legal weed on the market. In a classic supply-and-demand cycle, Koh said farmers grew more marijuana to meet increased demand, but ended up flooding the marketplace.

Compounding the problem for existing cannabis farmers is that millions of square feet of new farmland to grow marijuana has come online in Santa Barbara County, Monterey County and Lake County in the last 12-months alone

https://www.sacbee.com/news/california/article260536727.html