Pot Pricing

The Friday File: When legal weed stores first opened in WA in 7/14, the average price/gram was $32.48. By 1/1/15, it was $21.07, by 1/1/16, $12.32, and by 9/18 $7.45, and it’ll get cheaper. The price initially fell because it became legal; it keeps falling because increasingly big state-of-the-art grow facilities improve efficiencies and lower costs, thereby commoditizing loose-leaf flower. The next phase; product differentiation via edibles and infused.