Difficult Market Conditions Lead to Medical Marijuana Price Hike in Minnesota
By John Schroyer
With less than a month of sales under its belt, one of Minnesota’s two licensed medical marijuana companies is adjusting its business model to cope with unexpected challenges.
Minnesota Medical Solutions, also known as MinnMed, recently announced that it is raising prices across the board at its dispensaries by an average of 15-20%. The company also said it might delay opening its other two dispensaries until the climate improves.
The move shows how difficult it can be for businesses to predict demand and set prices in a new market – especially one as unique