The cost of cannabis products has dropped over the past year due to impacts from the coronavirus pandemic and supply chain issues, according to cannabis analytics firm Headset.
Despite rising inflation, the cost of cannabis products has declined over the past year, according to data from cannabis analytics firm Headset outlined by CNN. Flower prices fell 16.7% per gram, edible prices dropped 11.8% per milligram of THC, and the price of vape products fell 12.4% per milligram, according to the Headset analysis, which tracked sales in California, Colorado, Michigan, Nevada, Oregon, and Washington State.
Andrew Livingston, director of economics and research at Vicente Sederberg LLP, told CNN that because cannabis is federally outlawed, individual states create their own rules and regulations for the market and, therefore, prices are more heavily dependent on in-state demand. Rather than attributing the drop to “no inflation,” he said, “there are other factors at work that would overwhelm the inflationary signals.”
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Published: February 28, 2022
Founder & Interim Editor of L.A. Cannabis News