Indopedia All Things Marijuana
California’s move from medical marijuana’s unregulated wild, wild west to recreational cannabis powerhouse has been the industry’s most anticipated event since Colorado’s adult market came on line almost four years ago. With what is widely acknowledged as the world’s best weed and millions of users and tourists already flocking to the West Coast, California’s local industry is expected to bring in billions of dollars in only a few short years. But with the entire state trying to adapt at once, some experts are expecting Golden State green to cost a pretty penny.
In states like Colorado and Washington, steadily dropping production costs and an influx of venture capital caused by legalization has lead the price of cannabis to fall, a luxury California stoners might not have for some time after retail sales start.
“The first quarter of next year, prices will probably go up,” Jonathan Rubin, CEO of New Leaf Data Services LLC, a company that tracks wholesale cannabis prices in states where weed is legal, told the L.A. Weekly. “What I think you’ll see is that the traditional winter price increase will be much bigger than it was this year. Because there’s going to be…
