Marijuana industry struggling with low demand

Marijuana industry struggling with low demand

As cannabis enthusiasts around the world celebrate marijuana this 4/20 where it’s legal, not everyone is feeling festive as a number of legal marijuana growers say their industry is under financial stress. FOX’s Ted Lindner takes a closer look into the struggling industry.

Subscribe to FOX 26 Houston: https://www.youtube.com/myfoxhouston26?sub_confirmation=1

Watch FOX 26 Houston Live: https://www.fox26houston.com/live

Houston area news, weather, traffic, sports and breaking news from FOX 26 Houston. Watch news and local programming daily from KRIV.

Watch more FOX 26 Houston on YouTube:
What’s Your Point?: https://www.youtube.com/playlist?list=PLzU9hsam67vZXZPhBKz8g7NmLspNSCJMW
Isiah Factor Uncensored: https://www.youtube.com/playlist?list=PLzU9hsam67vZy1iMI2wiIa4988tnEqoS7
Positively Houston: https://www.youtube.com/playlist?list=PLzU9hsam67vYgxB8_wTc4NdcTBGfe60N_

Download the FOX 26 Houston News app: https://fox26houston.onelink.me/xslh?pid=social&c=youtube&af_web_dp=https%3A%2F%2Fwww.fox26houston.com%2Fapps

Download the FOX 26 Houston Weather app: https://www.fox26houston.com/apps

Follow FOX 26 Houston on Facebook: https://www.facebook.com/fox26houston

Follow FOX 26 Houston on Twitter: https://www.twitter.com/fox26houston

Follow FOX 26 Houston on Instagram: https://www.instagram.com/fox26houston

Subscribe to the FOX 26 Houston newsletter: https://www.fox26houston.com/newsletters

50 Comments

  1. SomeFG4 on September 3, 2023 at 7:24 pm

    why is the anchormans face built like Frylock from Aqua Teen Hunger Force? Lmfaooo



  2. Donald Payne on September 3, 2023 at 7:24 pm

    Bull people just go to the black marjet when stores get greedy



  3. Bernie Valles on September 3, 2023 at 7:25 pm

    Dude they just need to sell thier stuff for cheaper and look for better growers because first thier weed ia dry af and over priced unlike your regular pulg down the street he’ll sell you and 8th for 20-30 and its gonna be some bomb ass weed



  4. Ace Grand on September 3, 2023 at 7:26 pm

    Maybe don’t sell grams of wax for $90



  5. ASS OG on September 3, 2023 at 7:28 pm

    It’s not low demand.
    It’s over growing and flooding the market.
    And it’s not selling cause most of it is 💩 product.

    Also the clown that made the comment that he can grow a pound for 30 bucks, doesn’t know his ass from his elbow.



  6. Coffee Cool on September 3, 2023 at 7:29 pm

    nobody wants that diet weed from dispensaries
    Hector and Sleepy got the the best weed home grown in their basement



  7. blake on September 3, 2023 at 7:30 pm

    i can take care of that



  8. 🦅Deep Thoughts🧿 on September 3, 2023 at 7:31 pm

    Get some RSO / Phoenix tears instead of 🚬 smoking. It’s 25 bucks a gram and it lasts forever because it’s so potent. The size of a grain of rice will knock you out for about 8 hours



  9. monkusbee on September 3, 2023 at 7:36 pm

    It’s cheaper to buy it on the streets, that’s why.



  10. Tony Vargas on September 3, 2023 at 7:36 pm

    Cant many legal states citizens grow their own personal plants? So whats the surprise here? 😂



  11. Brandon H on September 3, 2023 at 7:37 pm

    Yeah this is false. Majority of people smoke weed. They need to get it somehow and they aren’t buying from someone on the street in legal states lol



  12. Eyezie on September 3, 2023 at 7:41 pm

    because they took so long to make it legal and tr sell it at the same price or for more then the dealer down the road



  13. Thomas Mueller on September 3, 2023 at 7:41 pm

    Dude… weed is suppoed to be cheap. these companies deserve to go down 🙂



  14. Dale Handski on September 3, 2023 at 7:42 pm

    the stupid part is just to make it ok to grow your own.. its stupid government..



  15. Dillon Qaphsiel on September 3, 2023 at 7:43 pm

    Low demand my ass



  16. antonio brown on September 3, 2023 at 7:43 pm

    That’s is going to turn them into smugglers that have to get rid of the product



  17. 1000yrs ofpain on September 3, 2023 at 7:46 pm

    Best time for the consumers. $20 8ths of good stuff.



  18. Denver.D on September 3, 2023 at 7:46 pm

    Because we still support our street dealers



  19. john doe on September 3, 2023 at 7:46 pm

    These clown are getting rich trust they just fronted on taxes



  20. Carson Williams on September 3, 2023 at 7:49 pm

    Cause the homie can get that loud pack for half off while y’all tax tf out of it. Let us GROW it stoopids



  21. Donald Cowling on September 3, 2023 at 7:50 pm

    But not in Florida



  22. Joe Smartballs on September 3, 2023 at 7:50 pm

    Marijuana is a spanish word and ILLEGAL to use in US English Common Laws. All marijuana laws are automatically nule and void for not defining the plant in English. Law 101.



  23. Ano Niemand on September 3, 2023 at 7:51 pm

    just get high from your own supply



  24. Sipping On RealiTEA on September 3, 2023 at 7:52 pm

    Goood locking black men up for years so y’all can legalize for profit is so funnnnnnnny 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉



  25. Bk H on September 3, 2023 at 7:52 pm

    Yeah i would say they over estimated the legality of weed.😂lol everybody thought they was going get rich off weed,the dumbass government isnt going to allow it.its all downhill now,until the government lifts the laws on it.maybe all these old senators will retire permanatly



  26. CivicCid on September 3, 2023 at 7:53 pm

    What is Marijuana, officer?



  27. Dale Handski on September 3, 2023 at 7:54 pm

    its not low demand is to much weed in the system supply AND demand



  28. ItalianoIrish420 on September 3, 2023 at 7:58 pm

    I live in NJ. Cannabis is both recreational and medicinal. I don’t normally go to dispensary bc they are highly expensive. So I usually get my cannabis from a legit adult grower.



  29. TheDirtRider on September 3, 2023 at 7:58 pm

    Because the prices are all over the board.. There needs to be an iso standard on the price!



  30. My G on September 3, 2023 at 7:58 pm

    lower your price



  31. Jeff & Mariah reacts on September 3, 2023 at 7:59 pm

    Craig always got deals



  32. Boot Scoot on September 3, 2023 at 7:59 pm

    Weed tends to alter everything about your body and mind and not always for the best, usually not, so no surprise



  33. Nurse Diesel on September 3, 2023 at 7:59 pm

    Here in the UK we sit and only dream of having problems like this. Our politicians spend there time arguing at each other over personal issues and make no laws for the people as our daily headlines show. Our drug laws are 50 years behind everyone else and we have the worse drug use statistics in the world. Our leaders wont admit the documented facts are correct and that they are wrong. I think that’s why the Green party is making huge strides. We can only hope that they can keep going and bring some sense to this issue.



  34. ZAMBIE GAMING on September 3, 2023 at 8:04 pm

    Pass a law and send it to canada



  35. The Saint on September 3, 2023 at 8:04 pm

    So what happens is that they make Cannabis legal in a State and people go crazy for a couple week’s so the sales are big $$$ then after a month or two all that Hyped starts going down and so do the sales 😂😅 you can’t expect people to buy cannabis all week long
    They have rent and bill’s to pay Lmao they might be able to buy a couple Grams in a month but people have a Life and not everything is about smoking weed all the time



  36. Trippy_high on September 3, 2023 at 8:07 pm

    Cause our local hoods got all the options we need for the best prices



  37. no body on September 3, 2023 at 8:07 pm

    In economics its called "race to the bottom"



  38. LazzyKidd on September 3, 2023 at 8:07 pm

    What they talking about people buying more weed then chocolate now days



  39. Mr Amaretto on September 3, 2023 at 8:08 pm

    This is normal, in the 90s there where at peak 1500 coffeeshops in Amsterdam, today 160, i think it will have the same direction in US that in the end 10-20% of growers,dispensarys,companies will survive after initial boom years.



  40. LuGu on September 3, 2023 at 8:10 pm

    Start selling a oz for 50 bucks how they did with Reggie back in the day



  41. jj on September 3, 2023 at 8:10 pm

    To expensive. In Vermont there is a pot tax and a state tax. For a 1g of oil vape its 75.00 plus 8.50 for pot tax and 7.80 in state tax unreal who can afford it 🤔 😳



  42. Glyn Dwr on September 3, 2023 at 8:10 pm

    It’s amazing how long they’ve managed to drag their feet on legalization. It’s like everything else with this government now. We’re supposed to spend 20 or even 30 years debating things before anything happens. It doesn’t matter what voters want. In the case of marijuana legalization, polling has shown that majorities support it, even among Republican voters. It’s not legalized because only interest groups and wealthy donors matter. They can’t even manage something as simple as weed legalization so there’s little hope they can accomplish anything else voters want. It’s a joke. And of course you’re going to have low demand when people are expected to pay 70 bucks for an 1/8th.



  43. nico d on September 3, 2023 at 8:10 pm

    😂🤣😂 What kind of consumer would knowingly buy government weed???



  44. Mc Remmy Baby on September 3, 2023 at 8:11 pm

    7 months off this garbage, good riddance



  45. robert hillis on September 3, 2023 at 8:15 pm

    Over priced garbage just what we need.



  46. 1000yrs ofpain on September 3, 2023 at 8:15 pm

    stimmy checks ran out so no more funds for weed…



  47. Scott Reed on September 3, 2023 at 8:16 pm

    Not low demand, high prices. Ya’ll basically want us to fund society through our cannabis use.



  48. Shane on September 3, 2023 at 8:20 pm

    everyone and their brother started growing



  49. NewAgeNonsense on September 3, 2023 at 8:22 pm

    Had to stop smoking 2 months ago having a new child.I swear to god im scared thinking weed is the next drug that they gone sneak fentanyl in it be careful people



  50. Carson Williams on September 3, 2023 at 8:23 pm

    It’s absolutely stupid that it’s not legal federally, still absolutely a crime against humanity.