• Home
  • Industry
  • Colorado Weed Prices Are Dropping, But Revenue Is Still Increasing

Colorado Weed Prices Are Dropping, But Revenue Is Still Increasing

Nicholas Colas, a New York broker, reports findings from his investigation on Colorado weed prices, and notes a resemblance to the Silicon Valley boom.

Seems like quite the conundrum, doesn’t it?

Bloomberg reports that although the number of visitors into dispensaries is increasing, Colorado weed prices are declining, and faster than expected.

However, despite this, recreational cannabis sales are still exceeding last years.

Another interesting observation is that the transaction size is decreasing, perhaps due to the novelty of legal weed waning.

Nicholas Colas, a New York broker, notices similarity between the cannabis industry and the Silicon Valley boom, which is rather foreboding given the history.

We are eagerly awaiting further insights into the economic status of cannabis in Colorado, and look forward to watching the market develop as cannabis continues to normalize in the United States. We’ll keep you updated!

 

Featured image Bloomberg

June 30, 2015 — Last Updated
Written by HERB

The Latest

Sign up for our newsletter

Weed, Delivered.

Get 20% off premium weed and discover the latest products, news, and deals in cannabis.
June 30, 2015 — Last Updated
Written by HERB

Latest Articles

Will the U.S. Legalize Cannabis in 2020

New York Will Make Us Wait: Dispensaries Might Not Open Until 2023

Read More

Stay up to date

Get the latest in cannabis straight to your inbox.
Cannabis For You, Near You

Discover

Made in Los Angeles and Toronto