Cannabis glut in the Portland market

[Jay Hinrichs]

Was in a meeting yesterday .. looks like the bloom is off the bud on the Cannabis at least as it relates to growing the flower.... prices quoted were down to 400 a lb.. from 2500.00

what are other seeing out there..

is the future of this in the OILs and medicinal .. not the actual flower and weed ???

not a user personally other than my wife likes some of the rollons for her arthritis.

I know there was a big rush to buy warehouse space.. not sure if you can make a profit selling it at 400 a lb.

my thought was once it became more main stream the bigger players jump in and it goes all the way down to the price of tobacco.. why not ? right ?  why artificial high prices..   ????  am I wrong ?