Report: Recreational Prices Stabilizing in Colorado

After dropping sharply in the first part of 2015, recreational marijuana prices in Colorado have somewhat stabilized in recent months, according to a survey of cannabis stores.

The survey, spearheaded by the research firm Convergex, found that prices for an eighth of an ounce averaged between $30-$45 in June vs. $50-$70 a year earlier. But they essentially held steady throughout the summer this year.

The same trend played out with larger quantities, with ounces down to $300 on average compared with $300-$400 in June 2014. Some stores were even selling ounces for as little as $200 this summer.

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Report: Recreational Prices Stabilizing in Colorado is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs