Cannabis

n2doc

(47,953 posts) Mon Jun 22, 2015, 07:56 PM Jun 2015

This Survey Says That Marijuana Prices Are Crashing in Colorado

It's been a little over a year since Colorado began allowing stores to sell marijuana for recreational use and the market continues to grow rapidly. But there are clouds (ahem) on the horizon.

Nicholas Colas and his team at Convergex, a global brokerage company based in New York, surveyed a number of marijuana stores in Colorado last week to get a better picture of the state of the nascent market.

What they found was that prices are declining faster than some had expected, while the number of people visiting the stores has increased.

Here's more from the note:

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.

more

http://www.bloomberg.com/news/articles/2015-06-22/this-survey-says-that-marijuana-prices-are-crashing-in-colorado

6 replies

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This Survey Says That Marijuana Prices Are Crashing in Colorado (Original Post) n2doc Jun 2015 OP

it's still way overpriced for what is essentially a dried out shriveled up weed. government drug msongs Jun 2015 #1

Got to get it to the point where various strains are sold simply in seed catalogs. Erich Bloodaxe BSN Jun 2015 #2

hallelujah RussBLib Jun 2015 #3

Legal weed is definitely more expensive in WA State eridani Jun 2015 #4

exactly RussBLib Jun 2015 #6

Yes, growers from Colorado jomin41 Jun 2015 #5

msongs

(67,509 posts)

1. it's still way overpriced for what is essentially a dried out shriveled up weed. government drug

Reply to n2doc (Original post)

Mon Jun 22, 2015, 08:17 PM

Jun 2015

pushers want to have a monopoly to keep the prices artificially 'high'.

Erich Bloodaxe BSN

(14,733 posts)

2. Got to get it to the point where various strains are sold simply in seed catalogs.

Reply to msongs (Reply #1)

Mon Jun 22, 2015, 08:20 PM

Jun 2015

Let people grow their own if they're interested, or buy in shops if they've got brown thumbs.

RussBLib

(9,064 posts)

3. hallelujah

Reply to n2doc (Original post)

Mon Jun 22, 2015, 10:06 PM

Jun 2015

Those "former prices" kept legal weed more expensive than black market weed. Those "new" prices are very welcome and will put pressure on black marketeers to lower their prices.

A price war is one of the few types of wars I can appreciate happening.

eridani

(51,907 posts)

4. Legal weed is definitely more expensive in WA State

Reply to n2doc (Original post)

Tue Jun 23, 2015, 03:37 AM

Jun 2015

I don't mind paying extra, though, because the quality control is far higher, it has component labeling, and the proceeds support public goods.

RussBLib

(9,064 posts)

6. exactly

Reply to eridani (Reply #4)

Tue Jun 23, 2015, 03:50 PM

Jun 2015

you sometimes have no idea what you are buying on the black market, or what they might be doing with that money

buying from the state you expect your tax dollars will go for some kind of public good

jomin41

(559 posts)

5. Yes, growers from Colorado

Reply to n2doc (Original post)

Tue Jun 23, 2015, 10:03 AM

Jun 2015

are wandering down here to NM with their goodies. Welcome!

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