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U.S. cannabis prices fall due to oversupply

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U.S. cannabis prices fall due to oversupply

The purchase price per pound of appropriate cannabis has plummeted in due to january oversupply.

Analysts at Cannabis Benchmarks, an agency that is independent keeps monitoring ofthe spot that is commodity’s index into the U.S., stated that the overabundance of cannabis has sent the wholesale prices associated with the said commodity into a “free autumn.”

In accordance with the Cannabis Benchmarks report, the U.S. spot price index for weed is at a nationwide average of $1,292 per pound when you look at the 3rd week of January. This cost represented a 3.5 per cent decline through the week before that.

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Spot price could be the present marketplace value at which a commodity could be Bought or sold for immediate distribution.

Cost drop is considerably driven by decrease in Oregon’s cooking pot rates

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