Bloomberg Business: “People are flocking to buy weed, but they’re not paying as much for it. . . . [P]rices are declining faster than some had expected, while the number of people visiting the stores has increased. . . . Since last June, the average price of an 1/8th ounce of recreational cannabis has dropped from $50-$70 to $30-$45 currently; an ounce now sells for between $250 and $300 on average compared to $300-$400 last year. More competition and expansion of grow facilities contributed to this price decline, but it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.
Colorado Pot Prices Crashing
By On the Net|2015-06-22T07:01:16-07:00June 22nd, 2015|Colorado News, Stories & Articles|Comments Off on Colorado Pot Prices Crashing
About the Author: On the Net
The author of this article is
Richard Keyt, an Arizona business law attorney who is the creator of this Arizona medical marijuana law website. Connect with Richard at 480-664-7478 or on Google+