There are some interesting things that you should be aware of as it relates to cannabis pricing, especially, if you are one of those people that visit the marijuana dispensary quite often, whether to buy a particular strain or a product for medical or recreational use. Let's take a look at some of the top things you should know about cannabis pricing.
If you have visited a marijuana dispensary in the recent past, then chances are that you have questions that might not have been answered. If you have not yet visited one, then you might want to know about cannabis pricing before you actually step inside a dispensary.
The answer is not as direct as you might think, if you are a consumer. Unlike other products, cannabis pricing varies for several reasons.
Marijuana is not like many standard products with one pricing. It depends on different factors such as the type of strain or how many buds or the THC and CBD level; just to name a few.
It is important for all consumers to know cannabis pricing so they can make the best buying decisions and bring the right amount of cash to make the purchase. Â Let's look at the top things you should know about cannabis pricing.
The Major Factors
One of the major factors to consider when it comes to cannabis pricing is how many and the type of products that are on the market right now. Here are endless of products being created in different forms and so you will see different cannabis pricing for each product. Another consideration is how the product was made; meaning what kind of processes was done to create the product.
When marijuana dispensaries were initiated to sell cannabis legally, the norm would be glass jars labeled differently with the particular flower or bud.
Today, it is differnet. When you walk into a dispensary, you might see transdermal patches, edibles, T-shirts, infused sauces, beverages tinctures, topical creams, canna-butter, and edibles such as cookies and gummy bears, etc.
So, it is best to conduct your own research on the exact product that would suit your needs and then find out the cannabis pricing prior to the final purchase.
State Regulations
Another thing you should consider is that every state has its own regulations for cannabis pricing that dispensary owners have to comply with. And so, it depends on where you live. Sometimes, there are states that will have very high prices while others have reduced prices.
The states that have an established cannabis industry will often have those lower prices than the state that has just been legalized. And you should also be mindful that the market is subject to change and so are the cannabis pricing.
Product Shortage
If there is a shortage of any product, this can increase the price, especially for those products that are in high demand. So, this is something you should be aware of.
However, this happens in most industries anyway. If the demand is more than the supply, the prices will go up. As more cannabis products are created and put up for sale, the prices will level out.
Number of Licensed Issued
One huge factor to cannabis pricing is the number of issued licenses. One example is the state of Oregon where license issuance is quite high. This lowers the price of cannabis because of the competition. Many business people might not like this, but it works well for the consumer. In this case, consumers might not be able to enjoy any discounts because the prices are already low.
Final Summary
It is best to do your research on cannabis pricing. Find out how many dollars per gram your local marijuana dispensary sells for weed.
Compare this cannabis pricing with other nearby dispensaries to see if you are getting a deal or not. Many dispensaries now have their cannabis pricing online where you can begin your research.
