August 13, 2022

Rocky Daily News

Colorado Politics-Sports-Business-Weather

As Inflation Makes Everything More Expensive, the Price of Weed Goes Down

1 min read


Dear Stoner: It’s pretty simple why weed sales are down: inflation. Weed, like everything else, is now more expensive. Not sure why people are surprised.

Dear Pauline: Everything but weed. As inflation tops 9 percent in metro Denver and hovers above the national average across the rest of the state, cannabis has actually become much cheaper. From January 2021 to April 2022, the wholesale price per pound of flower fell over 46 percent on average in Colorado, according to the state Marijuana Enforcement Division; it’s now less than $800. During the same period, the price per pound for buds allocated for extraction fell about 55 percent on average, to less than $230. Monthly dispensary sales revenue has also fallen off significantly, shrinking on a year-to-year basis for nine…

Herbert Fuego

2022-04-19 05:59:00

All news and articles are copyrighted to the respective authors and/or News Broadcasters. RockyDailyNews.Com is an independent Online News Aggregator

Read more from original source here…

Leave a Reply

Copyright © All rights reserved. | Newsphere by AF themes.