Modern Gentlemen
  • Home
  • Reviews
  • Blog
  • News
  • About
  • Our Team
  • Contact
Modern Gentlemen

Lifestyle, Health & Fitness Magazine

Modern Gentlemen
  • Home
  • Reviews
  • Blog
  • News
  • About
  • Our Team
  • Contact
Cannabis Becoming Cheaper Despite Inflation
  • News

Cannabis Is Becoming Cheaper Despite the Inflation

  • Jovana Kentic
  • February 22, 2022

With the global economy going through massive shifts every day, Americans across the country are faced with surging prices. Everything from rents and utilities to fuel and groceries seems to be constantly going up in cost. 

However, cannabis-based products have been in a constant decline since the beginning of 2022. The biggest decline was seen in marijuana flowers, which went down by 16.7% compared to January 2021.

Edibles and vape products declined by an average of 11.8% and 12.4%, respectively, for the same period. The numbers were extracted from sales records in Washington, California. Nevada, Michigan, Colorado, and Oregon. 

Experts explain that this doesn’t mean that the cannabis market will keep this trend or that it isn’t already experiencing shifts. However, the complexity of the market arising from the fact it’s still illegal on the federal level means customers don’t immediately see the changes. 

The lack of interstate commerce means that prices depend on the state’s supply and demand. With other economic factors such as taxation, dealers, and unregulated operators, the direct influence of inflation on the cost of the final product can be easily missed.

In combination with labor and supply challenges, the aforementioned economic factors can have an overwhelming effect on the market. Due to this, inflation influence can get lost and become meaningless when it comes to price formation.

0
0
0
Share
Tweet
Share
Pin it
Share
Jovana Kentic

A literary aficionado and an aspiring erudite, Jovana chose content writing as a way of sharing new ideas and interesting nuances of everyday life with the world. With an academic background in English language and literature, and command of five more languages, doing research and creating engaging content has never been boring. In her free time, she likes to travel and spend countless hours trying to learn Finnish.

Previous Article
Best Survival Kit
  • Reviews

Best Survival Kit to Help You Through Rough Times

  • Nikolina Jeric
  • February 21, 2022
View Post
Next Article
Wallets For Men
  • Reviews

The Best Wallets For Men to Look For in 2022 (Reviews and Buyer’s Guide)

  • Jovana Kentic
  • February 23, 2022
View Post
You May Also Like
crypto crisis continues
View Post

Crypto Keeps Sliding As the Crisis Continues

  • July 8, 2022
google AI sentient
View Post

Is Google’s AI Really Sentient?

  • July 5, 2022
NBA Historic Changes
View Post

NBA Is Witnessing Historic Changes

  • July 2, 2022
Relationship challenge
View Post

ADHD Doesn’t Have to Be a Relationship Challenge

  • June 30, 2022
crypto crisis Regulations
View Post

Crypto Crisis – A Call for Regulations?

  • June 17, 2022
crypto-bill-changes
View Post

What Changes Could the Crypto Bill Bring?

  • June 17, 2022
worldwide conference
View Post

The Apple Worldwide Developers Conference – Unexpected Announcement

  • June 10, 2022
View Post

No Sex Compromises Your Overall Health

  • June 3, 2022
Sleep Tracker Could Detect Insomnia
View Post

Sleep Tracker That Could Detect Insomnia

  • May 20, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts
  • How to Build Healthy Habits

    How to Build Healthy Habits?

    • 27.09.22
    View Post
  • What Is Carb Loading and Does It Work

    What Is Carb Loading and Does It Work?

    • 27.09.22
    View Post
  • How To Meal Prep

    How To Meal Prep — The Ultimate Guide

    • 25.09.22
    View Post
  • What Is Synthol

    What Is Synthol? — Pros and Cons Of Using It

    • 25.09.22
    View Post
  • How Many Texts Are Sent Per Day

    How Many Texts Are Sent Per Day?

    • 14.09.22
    View Post
Social Links
Modern Gentlemen
  • About
  • Our Team
  • Contact
  • Affiliate Disclosure
  • Privacy
  • Terms
©2022 ModernGentlemen.net – All Rights Reserved.

Input your search keywords and press Enter.