Good news for the cannabis enthusiast: no matter the state, retail marijuana prices are expected to drop in Washington and Colorado throughout the rest of the year. While the black market still poses imminent competition barriers, the wake of 4/20 emphasized the importance of competitive pricing for all recreational stores.
Both Colorado and Washington’s recreational markets have shown significant price drops since the opening of the country’s first legal pot-stores – a simple story of supply and demand. As expected, more retail stores spike competition in the market and force store owners to scale pricing. But what does retail marijuana actually cost in each state?
Well, while one state's market is obviously less expensive than the other, both must begin to lower prices as competition and demand are promised to only increase. Leafly data averaged the following prices on a national scale for the month of April:
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