US (MO): As cannabis costs skyrocket, St. Louis retailers resist raising prices

Since Missouri's recreational cannabis market launched in February, its backers have touted lower prices and better availability than other states in the early days of a new market. But a supply crunch, coupled with higher-than-expected demand and sales, has caused wholesale prices to climb, data from LeafLink shows.
Missouri's average wholesale prices ranked second highest of the 13 cannabis markets profiled in LeafLink's 2023 Wholesale Cannabis Pricing Guide, coming in only behind Alaska.

Since launching its adult-use market, Missouri's wholesale prices have only continued to rise, in some cases tripling, according to LeafLink.
The higher prices are putting a squeeze on the profit margins of Missouri cannabis retailers, many of whom are fighting against raising their prices out of fear they'll lose customers to an illicit market where prices are lower and tax-free.

Other states that experienced similarly high wholesale prices in the early days have since seen their prices stabilize. Missouri is likely to follow suit.

Read the entire article at KSDK

Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.

Click here for a guide on disabling your adblocker.