Amid steep inflation, one thing is getting cheaper: marijuana [View all]
Those Free Markets are taking over.
https://www.marketwatch.com/story/amid-steep-inflation-one-thing-is-getting-cheaper-marijuana-11667587413?mod=mw_latestnews
Officials launch Buy Legal campaign amid price wars as cannabis defies inflation
Amid price rivalries not only between legal cannabis companies but also against sales from the illicit market the cost of wholesale pot has plunged and supply has climbed.
The evidence is clear in the countrys largest legal cannabis market, California, which notched a whopping $1 billion in sales in the past year.
California has seen cannabis prices as low as $100 a pound, a fraction of the average cost of $786 for an untrimmed, dried pound in the state, according to a report released Tuesday by Leafly.
As farmers in California increased pot production by 63 metric tons, the value of the states weed harvest has dropped in the face of price competition.
Consumers are seeing unheard-of-bargains in 2022, with $20 retail eighths [of an ounce] now the norm, Leafy said in its Cannabis Harvest Report.
go to link to see market chart.