The Cannabist Co. Announces Closure of Denver Growhouse Amidst Shift in Wholesale Marijuana Market
The Cannabist Co. has made the decision to shut down its Denver growhouse, citing the significant decline in wholesale marijuana prices in Colorado. According to industry insiders, the price per pound of wholesale marijuana has dropped dramatically, from around $1,700 during the pandemic peak to less than $600 in recent months. This unprecedented drop in prices has likely contributed to the company’s decision to cease operations at its Denver facility.
