U.S. cannabis prices drop due to oversupply
The purchase price per pound of appropriate cannabis has plummeted in due to january oversupply.
Analysts at Cannabis Benchmarks, an agency that is independent keeps monitoring ofthe spot that is commodity’s index into the U.S., said that the overabundance of cannabis has delivered the wholesale rates regarding the stated commodity in to a “free autumn.”
Based on the Cannabis Benchmarks report, the U.S. spot price index for weed is at a nationwide average of $1,292 per pound within the 3rd week of January. This price represented a 3.5 per cent decrease through the before week that.
Worldwide CBD Exchange
Spot price may be the marketplace that is current at which a commodity may be Bought or sold for instant delivery.
Price drop is somewhat driven by decrease in Oregon’s cooking pot costs