While prices typically drop as a market matures, for now, people in NJ are paying high prices for legal cannabis. This discrepancy between market maturity and consumer costs raises questions about the factors influencing the price of an eighth of weed.
The price of pot has plummeted in some states. So why hasn't the reduced cost of cannabis been passed to consumers? Understanding the dynamics of the cannabis market and the various factors at play can shed light on this issue.
The price for a quarter of cannabis varies from state to state, but it also varies from city to city. According to Pearly Writes, a cannabis market analyst, factors such as local taxes, competition, and supply chain inefficiencies can impact the price fluctuations within specific locations.