Why Higher Prices Aren't Always A Bad Thing: This Analyst Explains The Canadian Cannabis Flower Market

Cannabis flower prices seem to be inversely proportional to their sales , at least according to data provided by Seattle-based Headset which tracks six recreational cannabis markets, including California, Colorado, Michigan, Nevada, Oregon and Washington state. Marijuana flower sales increased from $4.92 billion in 2020 to $5.49 billion in 2021, Headset data showed, while the price per gram of flower plunged over the same period, decreasing 14% from $6.78 in January to $5.82 in December 2021. The drop In prices was attributed to more production within the market and growers expanding their facilities, reported Marijuana Business Daily. In Canada, licensed cannabis producers have become dependent on value flower , according to Cantor Fitzgerald’s Pablo Zuanic. Big producers such as Canopy Growth Corp. (NASDAQ: CGC ), Aurora Cannabis Inc. (NASDAQ: ... Full story available on Benzinga.com