420Patients.com is accepting qualified medical marijuana patients and caregivers to join our network. We value every registered member and we hope to serve you in Arizona. This article brought to you by 420 community friends mmjbusinessdaily.com
By Eli McVey
Wholesale marijuana prices in Nevada increased sharply around the July 1 rollout of the state’s new recreational program, a week in which businesses faced stronger-than-anticipated demand and supply shortages caused by hiccups in the distribution process.
According to figures provided by Cannabis Benchmarks – a Connecticut-based provider of wholesale marijuana pricing data – the four-week trailing average price per pound of wholesale cannabis increased for the first time in months, suggesting that Nevada marijuana businesses significantly underestimated the demand for recreational cannabis in the state.
As the name implies, the four-week trailing average incorporates four