Main Menu

Wholesale pot prices hit new low as legal weed market sees surge in supply

Wholesale pot prices hit new low as legal weed market sees surge in supply

| September 3, 2016

Wholesale marijuana prices are at nearly half the cost of less than 12 months earlier as experts point to a surge in supply occurring in states where residents can legally grow weed.

The average cost for a pound of marijuana flowers was $1,689 as of Friday, down 3.1 percent from a week prior, Cannabis Benchmarks reported. Greenhouse-grown weed, meanwhile, sold last week at an average cost of $1,405 per pound — an all-time low according to the marijuana industry analytics firm.

Wholesale pot prices hit new low as legal weed market sees surge in supply






Comments are Closed