Amid steep inflation, one thing is getting cheaper: marijuana

Those Free Markets are taking over.

https://www.marketwatch.com/story/amid-steep-inflation-one-thing-is-getting-cheaper-marijuana-11667587413?mod=mw_latestnews

Officials launch Buy Legal campaign amid price wars as cannabis defies inflation


Amid price rivalries — not only between legal cannabis companies but also against sales from the illicit market — the cost of wholesale pot has plunged and supply has climbed.

The evidence is clear in the country’s largest legal cannabis market, California, which notched a whopping $1 billion in sales in the past year.

California has seen cannabis prices as low as $100 a pound, a fraction of the average cost of $786 for an untrimmed, dried pound in the state, according to a report released Tuesday by Leafly.

As farmers in California increased pot production by 63 metric tons, the value of the state’s weed harvest has dropped in the face of price competition.

“Consumers are seeing unheard-of-bargains in 2022, with $20 retail eighths [of an ounce] now the norm,” Leafy said in its Cannabis Harvest Report.


go to link to see market chart.