Marijuana prices are plummeting because big businesses are flooding the market
Despite a rapidly growing market, the wholesale price of marijuana has been plummeting
For example, in Washington State, the price of a gram of marijuana has gone from $25 at the beginning of legalization to about $6 today
Big businesses have been blamed for the crash by growing more marijuana than the market demands
This is pushing out smaller marijuana businesses which can't keep up with the production
It's also hurting the states which aren't taking in as much tax revenue
By the end of this year, the majority of states will have legalized marijuana, leading to one of the fastest growing businesses in the U.S.
Source: DailyMail
E
Exitable
