Despite drop, new report tracking U.S. spot prices for wholesale cannabis finds "remarkable" stability given recent political uncertainty.

The price of a pound of legal marijuana continues to plummet in 2017, according to a new report tracking the commodity’s U.S. spot price index.

Wholesale cannabis prices dropped 18.6 percent nationwide in the first half of 2017, with Colorado prices dropping by up to 40 percent compared to the first half of last year, according to Cannabis Benchmarks’ “2017 Mid-Year Wholesale Market Report.”

Similar to commodities like gold and oil, the Denver-based independent price reporting agency tracks spot prices — the current value in the marketplace at which an asset can be bought or sold for immediate delivery.

Click here to read the complete article

Bruce Kennedy ~ TheCannabist.co

Recent News Articles

Monday March 09

50 State Banking Associations Demand Senate Vote On Marijuana Banking Legislation - Cannabis News

in Finance

by Bruce Kennedy - Editor in Chief

Banking associations from 49 states and Puerto Rico sent a letter to the chairman and…

1470 hits

Monday March 09

Missouri Patients And Caregivers Learn The Basics Of Growing Marijuana At Home - Cannabis News

in Cannabis News

by Bruce Kennedy - Editor in Chief

About a dozen people gathered around a table in a St. Louis conference room Saturday…

1951 hits

Monday March 09

Pennsylvania set to launch marijuana research at 8 universities - Cannabis News

in Science

by Bruce Kennedy - Editor in Chief

Research teams from eight Pennsylvania medical schools are preparing medical marijuana studies in collaboration with…

3273 hits

Tuesday March 10

First recreational pot shop in a major East Coast city opens - Cannabis News

in Top Stories

by Bruce Kennedy - Editor in Chief

Boston’s first pot shop opened Monday, marking the first recreational marijuana store to open in…

3200 hits

Tuesday March 10

USDA Secretary Blames DEA For Strict Hemp Rules - Cannabis News

in CBD & Hemp

by Bruce Kennedy - Editor in Chief

The head of the U.S. Department of Agriculture (USDA) recently said that the Drug Enforcement…

3118 hits