Sunday, January 18, 2015

Supply and demand, dude..........Too much pot: Growers struggle with glut of legal weed

Too much pot: Growers struggle with glut of legal weed | Local & Regional | Seattle News, Weather, Sports, Breaking News | KOMO News
SEATTLE (AP) — Washington's legal marijuana market opened last summer to a dearth of weed. Some stores periodically closed because they didn't have pot to sell.
Prices were through the roof.
Six months later, the equation has flipped, bringing serious growing pains to the new industry.
A big harvest of sun-grown marijuana from eastern Washington last fall flooded the market.
Prices are starting to come down in the state's licensed pot shops, but due to the glut, growers are — surprisingly — struggling to sell their marijuana. 
Some are already worried about going belly-up, finding it tougher than expected to make a living in legal weed.
"It's an economic nightmare," says Andrew Seitz, general manager at Dutch Brothers Farms in Seattle.

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