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U.S. cannabis prices fall due to oversupply

The cost per lb of appropriate cannabis has plummeted in January because of oversupply.

Analysts at Cannabis Benchmarks, a separate agency that keeps monitoring ofthe spot that is commodity’s index when you look at the U.S., said that the overabundance of cannabis has delivered the wholesale rates associated with the stated commodity as a “free autumn.”

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

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Spot price could be the marketplace that is current at which a commodity may be offered or purchased for instant distribution.

Price drop is dramatically driven by decrease in Oregon’s cooking pot rates

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