In the past 3 months the medical marijuana dispensaries have undergone significant market changes. Just 3 months ago, there were 25% more retail dispensary licenses than there currently are.
November Sales have also dropped by nearly 10% from the previous month. The average licensed patient was spending 20% more, last August, than they did in November. The patient licensing continues to grow.
Perhaps the drop in active dispensary licenses reflects those speculators who grabbed up a license a year earlier, but never followed through on setting up shop? Certainly there are several dispensaries who either failed economically, or sold their operations to another proprietor?
Another factor could be the home growing patients? The optimal harvest came in last month. For those who can grow, and succeed in the horticultural arts, there is an annual cost savings of perhaps several thousand dollars.
Another concern is the employers who are now emboldened to assert their medical preferences upon the employees. Several employees are facing termination for desk jobs because the employer accessed medical records or imposed drug testing.
See the full set of spreadsheets at our library, below.