After over a year of free-falling, marijuana prices are on the rise in Colorado, according to the state Department of Revenue. But several marijuana producers say those prices could be even higher than the state estimates.
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Colorado’s fluctuating marijuana prices may have found some stability, according to the latest data from the state Department of Revenue. The DOR’s official estimate for the average price per pound of marijuana flower in Colorado has risen slightly for the fourth straight time, up to $850 as of July 1.
Anyone who shopped at dispensaries last year likely noted that marijuana prices were dropping, with flower going as low as $15 an eighth and concentrates like shatter and wax selling for $10 or $12 per gram.
So why didn’t edibles get cheaper, too?
We don’t blame you for complaining about inconsistent prices or expensive herb in certain parts of town, but one study shows that we don’t have it too bad in Denver compared to other cities with legal marijuana.
Colorado’s decision to legalize recreational cannabis has taken the blame for several changes to the state’s rapidly changing landscape, specifically in Denver. Pot has been accused for the rise in population, the rise in homelessness and the rise in housing costs…and now one study believes it has found a solid connection to the increased cost of homes.
In scenes remniscent of Colorado’s recretaionl sales in January, recreational pot stores are opening with long lines and, despite high prices, they are selling out of their inventory.
Brian Budz tells Oregon Live that he thought he had enough product to last ten days at his Vancouver-based New Vansterdam shop and instead it lasted three days. Shops like his are having to close down and open erratically as more herb comes in. Prices – ranging from $15 to $30 a gram – reflect that.
Since the 2009 “green rush” boom of medical dispensaries, Denver pot smokers have enjoyed a steady decline in the price of their cannabis in both the medical and black-market economies, dropping from $50 or $60 an eighth to as low as $25. With the heavily regulated industry of legal recreational marijuana, though, it’s looking like prices are climbing back up. This may be temporary, or it may be the new standard. We caught up with a few soon-to-be-open recreational shops to get the details on what shoppers can expect after the first of the year.
Denver Westword has the full story.
Curt Merlo/The Village Voice |
Violent crime has declined dramatically in New York City since 1990, the year when the Big Apple set a record for the most homicides in its history. A new study shows that the price of hard drugs has also plummeted in the past 20 years, and suggests the two phenomena may be linked.
Photo: Seedscanner |
Photo: Guanabee |
The price of marijuana could plummet as much as 80 percent, and consumption would rise, if Californians approve Proposition 19, the cannabis legalization measure on November’s ballot, according to a detailed analysis by researchers at Rand’s Drug Policy Research Center.