Marijuana Price Skids 4% to $1,556 a Pound
The wholesale spot price of a pound of marijuana fell 4% last week and the national average retail price for a gram fell within a range of $21 to $4.
The wholesale spot price of a pound of marijuana fell 4% last week and the national average retail price for a gram fell within a range of $21 to $4.
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The wholesale price per pound of marijuana dropped 2% last week. The week's big story, however, was the Trump administration's promise of "greater enforcement" of federal marijuana laws.
If both recreational and medical marijuana use were available in all 50 U.S. states, annual tax collections could increase by as much as $28 billion.
White House press secretary Sean Spicer said Thursday that Americans can expect "greater enforcement" of federal law regulating marijuana use.
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