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California Cannabis Oversupply Puts Pressure On Wholesale Prices | Cannabis Daily September 13, 2021

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station description Cannabis News and Stock Picks by Benzinga Cannabis
Cannabis Daily
Duration: 04:35
BENZINGA CANNABIS CAPITAL CONFERENCEThe premier gathering of cannabis entrepreneurs and investors in North America returns for a 2-Day Hybrid Event on October 14-15.Speakers will include $SNDL and other major Cannabis Companies, for more information visit https://www.benzinga.com/events/cannabis/Wel
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BENZINGA CANNABIS CAPITAL CONFERENCEThe premier gathering of cannabis entrepreneurs and investors in North America returns for a 2-Day Hybrid Event on October 14-15.Speakers will include $SNDL and other major Cannabis Companies, for more information visit https://www.benzinga.com/events/cannabis/Welcome to Cannabis Daily - Your daily guide to cannabis news, industry trends and trade ideas in under 5 mins.Subscribe to all Benzinga Podcasts at https://www.benzinga.com/podcastsSubscribe to the Cannabis Insider Newsletter to get more cannabis news and trending links delivered to your inbox. Tune in daily to Cannabis Hour at 4:30 p.m. ET for Cannabis News at bzcannabishour.com.Episode SummaryJUSHF officially enters into the Massachusetts market by completing their acquisition of Nature's Remedy. This is a single state operator in the state. I believe the deal was around 91 million, but overall, a very important one and a very difficult market to get into so props to and JUSHF their team there for making that happen.Oversupply of cannabis in California is putting significant downward pressure on wholesale prices and will impact all cannabis companies with operations in the States. So let's hope that this is a short-term problem. Obviously the black and gray markets in cannabis are also putting pressure on this. So the sooner we can get politicians behind it as well, the more this will help, but keep an eye on that and keep an eye on California companies and how they perform, given this statement.Stocks we are looking at today:OTC:$HITIFOTC: $HERTFOTC: $JUSHFOTC: $HCANFNASDAQ: $VFFHit us up at https://www.benzinga.com/cannabis/ for more news today, tomorrow, and everyday.Hosted By: Elliot LaneContact us at: cannabishour@benzinga.comFollow Benzinga Cannabis On Social MediaInstagramTwitterYouTubeLinkedInAccess All The Cannabis Daily Episodes HereAlso Join us at the Benzinga Cannabis Hour Podcast, weekly on Thursdays at 4 PM EST.For Top Gainers & Losers Cannabis stocks of the day check out https://www.benzinga.com/cannabis/stocksNOT FINANCIAL ADVICEThe Information Contained on this Podcast is not intended as, and shall not be understood or construed as, financial adviceAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
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