Supply is outstripping demand in the unlikeliest place—legal recreational marijuana in the state of Washington. Growers who jumped into the new legal market hoping to make a killing in cannabis are now getting killed by a glut of product.
“There is going to be a lot of people who are going to be in trouble,” said Ata Gonzalez of GFarmaLabs, which sells cannabis-infused products.
How did this happen? Much of the problem may be due to differences in the legal “adult use” marijuana markets in Washington and Colorado.