Missouri's Marijuana Program Could See Massive Oversupply, Economists Say

Prospective medical marijuana patients in Missouri are still at least eight months away from filling their first prescriptions, but a new report from the University of Missouri paints a problematic picture of the state's future cannabis market: Missouri cultivators are expected to produce way too much weed.

This isn't a matter of a few extra grams in your baggie, but tens of thousands of pounds of product. The independent report, authored by economists with the university's Economic and Policy Analysis Research Center, cautions that a future glut will create "a competitive tension" that could crater prices and even push the excess supply to the black market.

"The Department of Health and Senior Services faces a Herculean task," the report notes.

That department, DHSS, is mandated with operating the state's medical marijuana system. The system's particulars weren't set by public officials, but rather by a constitutional amendment approved by Missouri voters in 2018.

Read more: https://www.riverfronttimes.com/newsblog/2019/04/11/missouris-marijuana-program-could-see-massive-oversupply-economists-say
(St. Louis Riverfront Times)