As inflation continues to impact our wallets – we've found a product that's getting cheaper while nearly everything else gets more expensive – cannabis. 9News set out to find out why cannabis prices are dropping.
"We are currently in a period of time in which we have potentially more supply than demand. So we are seeing our wholesale prices decline," said Andrew Livingston, director of economics and research at the law firm Vicente Sederberg, which specializes in cannabis law.
Livingston is one of only a handful of full-time economic analysts in the cannabis industry. So we asked, "Is cannabis immune to inflation?"
"I would say that no business is immune to inflation," was Livingston's short answer.
But, cannabis is special. Because cannabis is regulated by states and not legal at the federal level, supply chain costs are smaller, at least when it comes to moving supplies. They're saving on shipping costs that are insanely high right now.
To read the complete article, go to www.9news.com
Sign up for our daily Newsletter and stay up to date with all the latest news!
Subscribe I am already a subscriber