I read an interesting article on BusinessInsider that I thought I’d share with you. Pot prices are coming down!
Wholesale cannabis, sold by the pound, was around $2,400 to $2,600. In the last month alone, that price has dropped to somewhere between $1,400 and $1,600!
Price of Weed Drops Sharply in Colorado
Weed smokers are certainly happy about this. I know I am.
The reasoning for this is that the market is becoming inundated with inventory. Just like when there is a lot of cocaine abundant in New York City, there is something that I learned way back in college economics called supply and demand. (I knew that education would pay off.)
With production ramped up in Colorado, there is a massive amount of marijuana which is making wholesale prices dip.
Colorado isn’t the only place this is happening. Washington (the State of course) is also seeing similar trends.
In fact, everywhere marijuana is legal has seen at least a small dip in prices.
Related Reading: Check out which USA States are voting on legalizing marijuana for recreational use on this page.
However, the municipal government in Denver has issued a moratorium on giving out new licenses to retail dispensaries as well as facilities that are able to legally cultivate marijuana. This will certainly help make sure this price is “rock bottom.”
I’ll be back soon with all your drug news. That’s what I do, and that’s what I like to talk about. Of course, I’m your man if you ever have questions about how to beat a drug test. I’ve been doing it for years thanks in part to a very slick company with excellent products.