Monday , January 27 2020
  • Loading stock data...

Home / News / Wholesale Marijuana Prices Are Plunging in the U.S. — Here’s Why

Wholesale Marijuana Prices Are Plunging in the U.S. — Here’s Why

By Sean Williams

You may not realize it, but the marijuana industry has come a long way in the United States in a relatively short period of time. In 1995, not a single state had approved the use of cannabis in any capacity and Gallup’s survey showed that only 25% of respondents favored the idea of legalizing weed nationally.

Fast forward to 2018, and we now have 29 states that have legalized marijuana in some capacity, including nine that have OK’d the sale of recreational pot, and Gallup’s latest poll (October 2017) found an all-time high 64% of respondents support legalization. That’s quite the about-face. […]

But what’s been really interesting about the expansion of the U.S. legal cannabis industry at the state level is what’s happening to wholesale cannabis prices. According to Denver-based independent price-reporting agency Cannabis Benchmarks, which developed its own price-tracking model for marijuana in legalized states across the U.S., wholesale marijuana prices are plunging — and they show little sign of slowing down.

Read more at The Motley Fool


About admin

Check Also

Cannabis Consumers Want Hollywood To Abandon Marijuana Stereotypes

By Mike Adams If Hollywood plans to capitalize on the average cannabis consumer, a new …

Leave a Reply

Your email address will not be published. Required fields are marked *

Thank You. We will contact you as soon as possible.
* we never share your e-mail with third parties.