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Wholesale cannabis prices tumbled in 2017, and they have yet to hit rock bottom - Cannabis News

A new Cannabis Benchmarks report projects U.S. wholesale cannabis prices will continue their downward trend in 2018 and warns there are several wild cards to watch out for.

The price of a pound of legal marijuana has been plummeting for 18 months, according to a new report tracking the cannabis U.S. spot price index.

Analysts at Cannabis Benchmarks, an independent price reporting agency, found the price per pound of legal marijuana was down 13 percent in 2017 compared to 2016, and they’re projecting prices will continue to fall in 2018.

The findings were published in the Denver-based firm’s new 2017 Annual Review and Outlook, which examines the U.S. spot index for legal cannabis.

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Bruce Kennedy ~ TheCannabist.co ~ 

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