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Why does the Demand for LED Grow Lights decline?

Decline Curve
  1. The US government is controlling the disorderly expansion of this market, and it needs to spend a huge amount of US dollars to apply for planting. Many marijuana plants that have not been approved have also been closed. In the past, 80% of the cannabis factories were not approved.
  2. The North American LED grow light market has a high inventory, estimated to be more than 400,000 sets.
  3. The price is highly competitive, and the 600W LED grow lights have been reduced to just over $200.
  4. The price of marijuana has fallen sharply, which has compressed the profit margins of growers.
  5. The economic situation of most people in the United States is not good.
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