Monday, May 17, 2010

Plummeting Marijuana Prices In California

NPR reports:
Legal pot, under the guise of the California's medical marijuana laws, has spurred a rush of new competition. As a result, the wholesale price of pot grown in California is plunging.

Prices are now much less than $2,000 a pound, according to interviews with more than a dozen growers and dealers. Sheriff Tom Allman of Mendocino County says some growers can't get rid of their processed pot at any price,.
The last sentence indicates to me that quality and/or distribution is improving also.