The California Cannabis Market 2024 Report attempts to paint a picture of industry stability, citing increased biomass production and rising wholesale flower prices as signs of a healthy market. But these numbers obscure a harsher reality: the state’s legal cannabis industry is stalled, manufacturing is collapsing, and much of the market (biomass and consumers) is being siphoned off by illicit operators.
The California Cannabis Market 2024 Report attempts to paint a picture of industry stability, citing increased biomass production and rising wholesale flower prices as signs of a healthy market. But these numbers obscure a harsher reality: the state’s legal cannabis industry is stalled, manufacturing is collapsing, and much of the market (biomass and consumers) is being siphoned off by illicit operators. Read More
