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This is 100% zero evidence speculation, but maybe increased legalization is leading to increased growing/availability and therefore lower prices?
by harimau777 4y ago
This is 100% zero evidence speculation, but maybe increased legalization is leading to increased growing/availability and therefore lower prices?
- bitxbitxbitcoin 4y agoSupply and demand. There are interesting dynamics to that basic model because the legacy market is still alive and thriving, but this is still the answer.
- skeeter2020 4y agomaybe, but this is a highly regulated, highly taxed product, so there is a definite floor to that price. Canada has seen massive amounts of consolidation as the bud comes over the green goldrush
- WorldMaker 4y agoRelatedly, it would also be likely to expect a shift in "THC tourism" dollars, as legalization increases, in the people that might before visit the next state over or a remote state and "stock up" some amount of supply for some amount of time between visits versus when they can buy it on demand closer to home and don't need a longer supply cache.