Marijuana price wars: Colorado recreational pot prices expected to fall fast this year

Screen Shot 2015-04-27 at 11.00.00 AM4/24/15–Colorado is on the verge of a marijuana price war. As competition heats up in a market where demand is particularly sensitive to low prices, analysts are expecting a drop this year in prices for the state’s recreational pot. A decline in the price per pound of recreational marijuana could increase sales by as much as 20 times, New Frontier‘s analysts wrote in a report this week. The firm tracked hundreds of wholesale transactions in Colorado’s retail and medical markets between June 2014 and February 2015 to reach its conclusion. Read