Cannabis legalization has led to a drop in the price of pot in 2017, a new report confirms.
According to the "2017 Mid-Year Wholesale Market Report" released by Cannabis Benchmarks, wholesale marijuana prices dropped 18.6 percent throughout the U.S. in the first half of 2017, reports the...
Cannabis Benchmarks has released a new Mid-2017 Wholesale Market report on the spot prices for cannabis in legal markets. Cannabis Benchmarks is a division of New Leaf Data Services and gathers its pricing information from in-the-field reporters who contact cultivators and dispensaries...
For 20 years, California has been allowing the legal sale of medical marijuana in an unregulated environment and that will change in January 2018. State and local officials are now facing the challenge of bringing in line all of the players that have operated without any rules or consequences of...
Pot growers in states where marijuana has been legalized for adult consumption are grappling with the problems of supply and demand that have challenged other commodities. Wholesale U.S. marijuana prices dropped to $1,614 a pound in July, from a high of $2,133 a pound in September 2015...
All the diverse effects of legalizing recreational marijuana may not be clear for a number of years, but one consequence has become evident almost immediately: Pot has never been so cheap.
Steven Davenport of the Pardee Rand Graduate School has analyzed marijuana retail prices in Washington...
Floridians are flocking to the state's new medical marijuana program. More than 33,000 patients were registered to buy weed as of Aug. 23, up from fewer than 17,000 in early June, according to the state Department of Health.
The new industry already is moving in some unexpected directions. For...
Spot prices for marijuana are slowly climbing higher after a precipitous fall over the past year. Cannabis Benchmarks has been tracking the prices of wholesale cannabis since 2015 and have seen the price per pound drop from an average of $1,953 to a low average of $1,487 in 2016.
So far in...
Walk into a marijuana shop in Alaska and you'll find a newly renovated space, an array of products that have been tested and prepared in a highly regulated market and salespeople — called budtenders — ready to answer any questions you may have. But be prepared to pay a premium for the...
Legal weed sales are booming. And in certain states, prices are plummeting.
This wasn't entirely unexpected. While Forbes called 2016's 30% spike in marijuana sales (a whoppin $6.7 billion) a bigger, faster industry explosion than we saw in the dot-com era, weed policy experts, retailers and...
Marijuana has risen to become a multi-billion dollar industry, but today's U.S. legal weed market is offering considerably cheap pot.
Prices for marijuana flowers have plunged in states with legal marijuana laws in place, reports Forbes.
"Wholesale marijuana prices declined in 2016 from...
The arrival of 2017 will bring many changes to the country, including falling marijuana prices in states that have legalized a recreational market. Cannabis users may cheer this news, but it heralds the start of an enduring budgetary headache for states that tax legal marijuana sales based...
Shortly after his election, Gov. Phil Scott listed three specific things that legislators must address when considering cannabis legalization, if they want to avoid his veto pen. "I hope they hear me loud and clear," he warned, that road safety, THC-infused "edibles," and taxes are the three...
Was wondering what the cost of Medical Cannabis was in the states that have legalized it. The state that I live in may get it passed this year and was wondering what type of prices people were paying.. Thank you.
Marijuana legalization is good for social justice, its backers say. For too long, drug laws have been used to arrest and incarcerate minorities at much higher rates than whites. Plus, pot has been proven to be, as President Obama himself put it, less dangerous than alcohol. So instead of...
As a whole, the marijuana industry has come a long way in a short amount of time.
When medical cannabis was first legalized in California in 1996 for compassionate use, support for nationwide legalization of the drug was only around 25%, per Gallup. A decade ago, just a third of Americans...
Colorado's weed is getting much cheaper.
In October last year, the cost of a wholesale pound of cannabis in Colorado was around $2,400 to $2,600. That price has almost been cut in half to between $1,400 and $1,600 last month, according to data from Tradiv, an online marijuana distribution...
The marijuana legalization movement is driving down the cost of cannabis nationwide, a new report from researchers at Pardee RAND Graduate School and Carnegie Mellon University found.
In the 24 states that have legalized marijuana, either for medical or recreational purposes, users are able...
I remember the first time I set foot inside a recreational marijuana dispensary. It was May 2014, and the pot shop was a highly awarded location, the Clinic Colorado. Smoking pot was nothing new to me, but buying weed legally certainly was. And the options! The options gave me a stoner hard-on...