Whether it's oversupply, steep competition or unregulated alternatives, the price of medical marijuana remains low.

The result has been a slump in America’s weed industry. Total revenue growth was less than 1% in 2024. Profits have cratered.

The marijuana had a street value of as much as $333,000 in the United States, which, depending on potency, could fetch two to three times more in London, according to border patrol. “Bulk ...