Pot Prices Rise 200% In Nevada As Product Flies Off The Shelves

LAS VEGAS, NV –  Nevada joins seven other states allowing recreational marijuana use and becomes the first of four states that voted to legalize recreational sales in November’s election to allow dispensaries to sell cannabis for recreational use to anyone over 21. (Photo by Ethan Miller/Getty Images)

Nevada’s recreational marijuana sales have only been legal since July 1 and the market can’t keep up with the demand. A combination of last-minute distribution issues and larger than expected sales have caused unnecessary stress among dispensaries and producers alike. The results have led to a 200% increase in the price of marijuana in just one month.

Brayden Sutton, CEO of Friday Nights Inc. said the price per pound for trim has gone from $150 to $450 in one month. Friday Nights Inc. owns a subsidiary called Alternative Medicine Association which grows

... read more at: https://www.forbes.com/sites/debraborchardt/2017/08/21/pot-prices-rise-200-in-nevada-as-product-flies-off-the-shelves/