f8lee wrote:
In New Mexico, there are so many dispensaries that the owners re asking the government to stop issuing licenses since they are just now discovering the magic of the free market...excess supply leads to lower prices...
Sorry, I disagree with the owners. I think the state should continue to approve licenses as fast as they can. Let the market sort itself out. When it is no longer viable to open new stores the applications will slow down, then stop on their own. Then the stores that are on shaky financial ground will close leaving the stronger, more well-established stores to supply the demand. The herd will eventually thin itself out and the remainder will be stronger for it.