Supply and Demand Curves Starting to Become Efficient in California as Thousands of Cannabis Growers Call It Quits

The most significant changes were observed in the cultivation sector. In July 2021, there were 7,897 active marijuana cultivation permits, which increased to 8,453 within a year but subsequently dropped to 5,727 as of October 24 this year. The manufacturing and distribution sectors also experienced substantial fluctuations. In July 2021, there were 877 cannabis manufacturers, and this number grew to 911 over the next 12 months before decreasing to 768 this month. Among distributors, there were 1,168 in July 2021, 1,448 in July 2022, and only 1,297 this month.