U.S. cannabis prices fall due to oversupply

The purchase price per pound of appropriate cannabis has plummeted in due to january oversupply.

Analysts at Cannabis Benchmarks, an agency that is independent keeps tabs onthe spot that is commodity’s index into the U.S., stated that the overabundance of cannabis has delivered the wholesale rates regarding the said commodity into a “free fall.”

In line with the Cannabis Benchmarks report, the U.S. spot price index for weed was at a national average of $1,292 per pound when you look at the week that is third of January. This cost represented a 3.5 % decrease through the before week that.

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