Nevada Growers Say a “Flood” of Mid-Grade Cannabis Is Lowering the Price of Pot

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As the Silver State weed market evolves, heightened competition is driving prices down, but is the mass produced pot up to snuff?

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Like most tourist destinations, the Las Vegas strip is home to its fair share of hustles, rip-offs, and scams. At local dispensaries, though, the wholesale price of weed is going down. But is Nevada’s new discount dank anything more than smoke and mirrors?

According to a new deep dive from Marijuana Business Daily, the average price of legal cannabis in Nevada dropped to $2,000 per pound at the beginning of 2020, down from as high as $2,800 just one year ago. As the local industry continues to see more large-scale growers come to market, operators have...

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