420 with CNW — California Growers Welcome Turnaround in Marijuana Pricing
Following the rise in the prices of bulk cannabis flower, growers in California now have a chance to celebrate the rebound as sales continue to grow. The drop in prices started more than a year ago with November recording the lowest number of sales. According to industry officials, the slump in prices could be attributed to high taxes, a flourishing underground market and a small number of brick-and-mortar retail outlets for cannabis products among others. These problems cut across the industry affecting small-sized businesses as well as large-scale brands. Several operators, however, have reported a turnaround with sales in January. According…