Across the United States, medical marijuana business owners are reporting firm prices for wholesale flower, although actual price levels vary widely and largely depend on a market’s maturity. New programs such as Pennsylvania and Ohio are seeing top-of-the-market dollar figures for flower, bolstered by a growing number of new patients entering the markets.
If you are a medical marijuana card holder do not fear because dispensaries will remain open during this national pandemic. Dispensaries have posted notices on their websites detailing their actions and response due to COVID-19 emphasizing patient and employee safety and following Centers for Disease Control and Prevention guidelines.
The legal cannabis industry appears poised to enter uncharted waters: an economy engulfed by a full-fledged recession. The coronavirus is inflicting severe damage to the world economy, raising the specter of a major economic contraction, and some economy watchers – including Bank of America – have already asserted the U.S. is in a recession. How would legal cannabis companies hold up in a severe downturn? Fairly well, said several industry experts.