Prices Are Dropping for the Legal Cannabis Market
During the initial period right after legalization, residents of Colorado and Washington came to an unfortunate realization – legal marijuana was expensive. An eighth that would have cost you $50 from your illegal dealer would end up costing you upwards of $70-80 in a retail dispensary during that first year or so. Sadly, this drove many residents to continue to buy marijuana illegally, where it was all around more affordable – the main revenue of those cannabis shops came from out of state residents looking for the “legal weed experience”, as it were.
As time has gone on, that price has significantly dropped – bringing in more local customers and effectively reducing the amount of work for law enforcement as it becomes less profitable to sell cannabis illegally in these states. In Colorado, the price of a gram has dropped from almost $9 a gram (before taxes) in 2014 to...
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