I don't see where it has effected the price in non-legal states.....
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
Ashley Collman For Dailymail.com
Published: 09:16 EST, 13 February 2017 | Updated: 10:02 EST, 13 February 2017
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.
But wholesale prices for the drug are plummeting, which is bad for small businesses and the states that were among the first to legalize cannabis in the first place.
In the past year, wholesale prices for marijuana fell 60 percent in 2016, from $2,500 to just $1,000 today, CannaSaver.com CEO Brian Shapiro told
Forbes.
The wholesale price of marijuana is plummeting because big businesses are flooding the market. Above, a man and a woman harvest marijuana at a Washington state grow facility in 2014
Experts say that the rapidly declining cost of marijuana is due to big businesses entering the market, which are growing more marijuana than there's a demand for -even with such a fast-growing customer base.
Experts say that there are two ways businesses can compete in this new market: By developing new growing technologies or producing more.
But both of these measures are hard for small businesses to pull off. That's because the federal government still recognizes marijuana as an illegal drug and therefore pot businesses can't deal in traditional banks to get loans or set up checking accounts.
Big business don't have this problem, and it's possible that they are purposefully flooding the market to push out smaller businesses. If they are successful, then they could raise the cost again by pulling back on production.
The falling cost of marijuana is also a problem for the states which paved the way towards legalization.
States like Colorado and Washington state collect tax revenue based on total sales. With lower prices, that means lower sales, and less tax revenue to take.
Other states saw this problem and wrote their legislation regarding pot accordingly.
For example, in California, the amount of tax revenue collected is pegged to the volume of pot sold not the price.
For investors, this rapidly changing market is both a good and a bad thing.
It's bad, because lower profit margins lead to less returns.
But it's also good because investors will have a better idea of where to invest their money if the market is consolidated
Read more:
http://www.dailymail.co.uk/news/article-4219738/Marijuana-prices-plummeting-big-business.html#ixzz4YaCzop9w
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cof
like allot of things I think the low and slow theory works well with rosin quality. Try something around 100f for a few min and see where that takes you,,, I've seen some vids of hydrolic presses going well under 100f for long periods of time oozing out some straight gooooooooooo.
