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By John Schroyer
The recreational marijuana price drop many in Colorado’s industry have been predicting for over a year has occurred – at least at the wholesale level.
The average price wholesale growers are asking retailers, edibles producers and others to pay for recreational marijuana has tumbled by a third since January.
Blame it on a supply glut.
Industry insiders aren’t sure when the slide will end, suggesting that producers may be in for an extended period of low wholesale prices.
Indoor growers with inefficient, dated equipment may be hit the hardest, according to industry watchers, because they won’t be