CURLF - 20% Price Surge: Ohio Adult-Use Cannabis Consumers Could Initially Pay More Due To High Demand Limited Supply | Benzinga
As Ohio gears up for the launch of its adult-use cannabis market, consumers may initially face higher prices. Retailers are already witnessing price increases at the wholesale level as they stock up in anticipation of robust demand. This pattern mirrors the early stages of adult-use markets in other states, where transition phases often lead to higher prices.
Industry Leaders Predict Cannabis Price Hikes
Tripp McDermott, COO of Verano Holdings (OTCQX:VRNOF), a multi-state operator (MSO), was consulted along with other companies by Crain's Cleveland Business about their dispensary price prediction. "There is typically an increase (in price) with adult-use, and that percentage increase differs by state," noted McDermott. Verano operates five dispensaries in Ohio under the Zen Leaf brand. Similarly, Paul Chialdikas of Curaleaf Holdings (OTCQX:CURLF) said Ohio’s pricing will depend on supply and demand dynamics and promotional opportunities.
Meanwhile, Andy Rayburn, CEO of ...