Cannabis Prices Would Be Significantly Lower In The US If Legalized, Study Finds
A new study published in the American Journal of Agricultural Economics reveals that national cannabis legalization could significantly lower weed prices, especially in higher-cost U.S. markets.
Led by economist Barry Goodwin from North Carolina State University, the analysis suggests that legalizing cannabis nationwide would allow cheaper weed from states like California to flow into other markets, benefiting consumers across the country, reported Leafly.
California Sets The Standard For Cannabis Prices
Goodwin’s study tracked cannabis prices across 15 states with various degrees of legalization. The research found that California plays a leading role in setting cannabis prices nationwide. As one of the largest producers, California grows far more cannabis than it can consume, and this surplus often flows illegally into other states. Thus, prices in California have dropped significantly, with ounces of shake going for …