cannabis prices

A new study published in the American Journal of Agricultural Economics reveals that national cannabis legalization could significantly lower weed prices, especially in higher-cost U.S. markets. Led by economist Barry Goodwin from North Carolina State University, the analysis suggests that...

Michigan’s cannabis market could face significant challenges due to the rapid rise of neighboring Ohio’s marijuana industry. Since recreational sales launched on Aug. 6, Ohio has seen a surge in demand, with shops reporting record-breaking volumes driven by enthusiastic locals and...

While New Jersey’s cannabis market has experienced significant growth, with retail sales nearing $1 billion last year, consumers continue to face steep prices that are among the highest in the nation. Despite the addition of numerous dispensaries, prices for cannabis products remain...

As Ohio gears up for the launch of its adult-use cannabis market, consumers may initially face higher prices. Retailers are already witnessing price increases at the wholesale level as they stock up in anticipation of robust demand. This pattern mirrors the early stages of adult-use markets in...

The marijuana industry is expanding rapidly, with experts projecting annual global sales to grow from $30 billion in 2021 to $57 billion in 2026, a compound annual growth rate (CAGR) of almost 13%. When it comes to the United States, the biggest cannabis market in the world, sales are expected to...

Do you know which state offers the most affordable medical marijuana products? Thanks to cannabis advocates and reformers, there are now 40 states and the District of Columbia where it is legal to provide medical marijuana (MMJ). This is great news for the patients, however, the price for...

It’s no secret that the cannabis industry has been struggling for a while now. Some of the key challenges include the lack of federal regulation and access to banking, the stigma that remains from the failed war on drugs, high taxes, sinking prices, illicit sales and record levels of...

Canadian cannabis retailers have had a challenging year, which is why the Ontario Cannabis Store (OCS), which holds a monopoly on legal distribution in the province, announced a change in its pricing. What Happened: Starting in September, most wholesale markups the OCS imposes on marijuana...

Connecticut: Average Price Of Adult Use Weed Product Reaches New Low For the first time since adult-use cannabis sales launched this February in Connecticut, medical marijuana sales declined last month, amounting to $11.4 million, compared to $12.6 million in March. Even though on a decline...

Illinois is one of the most prominent cannabis markets in the U.S. In 2022, recreational marijuana sales crossed the $1 billion mark. In fact, since cannabis was legalized in 2020, retail shops have sold more than $3 billion in cannabis. However, in August, sales dropped and in September,...

 In June, U.S. inflation hit a four-decade high, with the consumer price index climbing 9.1% from the previous year. This represented the biggest gain since the end of 1981, according to Labor Department data, and reported by Bloomberg. This mostly impacted gasoline,...