Wholesale cannabis price drops 40 percent
According to Tradiv, a cannabis trading platform based in Boulder, wholesale cannabis prices have fallen from approximately $2,500 per pound in October of 2015 to around $1,500 per pound in August of this year.
In the beginning of Colorado’s legal market, companies didn’t know what to expect in terms of demand or supply but one things was for sure, it was growing quickly. The price point was high, in part a reflection of the novelty of legal cannabis and pent up demand. Now almost three years old, the market is beginning to stabilize, but consumers should expect a few more tremors as the foundation of the market shifts and settles into place.
“The problem was that that growth was not projectable nor was it understood,” says Mike Bologna of Green Lion Partners, a strategic development firm for the cannabis industry. “Nearly three years later, the state is still experiencing growth...
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