Marijuana Cost Drops Significantly in Colorado as Traffic Booms
Just over a year after Colorado started selling marijuana in licensed dispensaries, they are seeing more customers than ever, but according to Nicholas Colas and his team at Convergex, a global brokerage company based in New York, Colorado citizens aren’t paying as much for their marijuana nowadays.
After interviewing several stores in Colorado, Colas found that prices are declining faster than some anticipated. Is there too much supply and not enough demand, or are there other factors at play here?
