While the expanding legal marijuana market is a novice of modern economy, cannabis is no new commodity.
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For the week ended Friday, June 10, the spot price index for a pound of cannabis decreased 3% from $2,086 in the prior week to $2,023.
Cannabis cultivation is moving from darkened basements into well-lit growhouses and even farm fields. As more states legalize the growth of marijuana or hemp, growers are turning to traditional farmers for help in turning cannabis into the next big American commodity.
