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More Data Shows Cannabis Prices Continue To Fall In US

We wrote an article earlier this week, describing how Cannabis prices are falling across the US due to legalisation in some states.

Well, according to the Washington Post, Jonathan Caulkins, a professor at Carnegie Mellon University, and Steve Davenport of the Pardee RAND Graduate School recently aggregated price data on cannabis for the Washington Liquor and Cannabis Board and concluded that the cost of the cannabis is “now steadily falling at about 2 percent per month.”

ISMOKE Weekly Roundup 20/5/16

It's that time again, folks. ISMOKE weekly Roundup! This week we have seen great growth on both our facebook and Instagram pages, which shows that we are getting the ISMOKE message out to more cannabis users in the UK and worldwide than ever before. Thanks for the continued support! Check out some of the articles we posted this week across the ISMOKE network:

Cannabis Prices Are Falling Across the US Due to Legalisation

In 2015 experts predicted that cannabis prices would rise as a result of legalisation and taxation. Now it has become apparent that the opposite has happened, with cannabis prices dropping in America. There were initial price hikes just after legalisation in the uncertain environment as businesses began to be set up around cannabis, but now overall the retail price of cannabis is going down across the States - as regulation replaces prohibition, the risks of growing cannabis are going down, and therefore so is the cost.