The price of pot is tumbling in Colorado

Jeremy Berke | Sep. 1, 2016

Colorado’s weed is getting much cheaper.

In October, the cost of a wholesale pound of cannabis was around $2,400 to $2,600. That price has almost been cut in half to between $1,400 and $1,600 last month, according to data fromTradiv, an online marijuana-distribution platform.

“In less than a year, we’ve seen wholesale prices drop to nearly half of their previous totals,” John Manlove, director of sales at Tradiv, told Business Insider in an email. “We’ve never seen prices like this.”

The price of pot is tumbling in Colorado