Chart: Wholesale marijuana prices surge in Nevada in response to new recreational program

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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

Chart: Wholesale marijuana prices surge in Nevada in response to new recreational program is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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