As one of the newest agricultural commodities to hit the market, cannabis is undergoing a rapid expansion. And with more states legalizing cannabis for recreational use, it will continue to see exponential growth.
With growth comes growing pains, however. Namely in the form of price transparency. As a matter of fact, the national weighted average price of a gram of marijuana sold at the wholesale level fluctuated by 21% between May and mid-September.
With pricing all over the board, many people in the industry are asking themselves, “what’s the fair market value of cannabis today?”
Luckily, a new service by Cannabis Benchmarks® provides pricing data and differentials for type of cultivation, quality, location, and other factors that influence the wholesale price of cannabis.
If you demand reliable pricing information for the legal cannabis market, sign up now to receive Cannabis Benchmarks’ weekly Price Assessments report.
Transparency is essential for markets to function efficiently and cannabis deserves comprehensive price assessments so market participants can make informed decisions.
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