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Re: Rat Fink post# 355377

Monday, 06/22/2015 10:21:55 AM

Monday, June 22, 2015 10:21:55 AM

Post# of 375420
Price of Marijuana dropping.

Since last June, the average price of an 1/8th ounce of recreational cannabis has dropped from $50-$70 to $30-$45 currently; an ounce now sells for between $250 and $300 on average compared to $300-$400 last year. More competition and expansion of grow facilities contributed to this price decline, but it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.


http://finance.yahoo.com/news/survey-says-marijuana-prices-crashing-121317831.html

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