RECREATIONAL MARIJUANA: DEMAND PUTS PREMIUM ON PRICES

Posted on January 6, 2014

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FT: “People looking to buy marijuana in Colorado are facing steep price hikes, long queues and shuttered stores as demand for recreational sales, which became legal in the state on New Year’s day, outstrips supply. … The trade group does not formally track prices, but estimates that recreational cannabis is selling for an average of $400 an ounce in Colorado – twice the $200 charged on average for an ounce of medical marijuana.”

Think about those outrageous ObamaCare prices, there is no demand!

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FT: Demand puts premium on recreational marijuana prices in Colorado

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Posted in: News