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‘At a tipping point’: Why Missouri medical marijuana prices are dropping

When Fresh Green, the first medical marijuana dispensary in the Kansas City area, opened in October, one eighth of an ounce of flower cost $60. Nearly 10 months later, the same product can go for as low as $40.

Prices for medical marijuana have been dropping across Missouri as more manufacturers, cultivators and dispensaries open. As the market continues to grow, those in the industry say to expect the cost of cannabis to continue decreasing.

Missouri residents voted to legalize medical cannabis in 2018. Since then, the state has licensed 193 dispensaries, 59 cultivators and 86 manufacturers, though not all are in operation yet. But as the industry began to find its footing, scarcity of product begot higher prices.

“Certainly, we knew when stores opened here at the very beginning the prices were going to be higher, the selection was going to be more limited,” said Jack Cardetti, spokesman for the Missouri Medical Cannabis Trade Association. “But with each coming week, we see those trends reversing.”

Along with lower costs, consumers have access to more products than before. When dispensaries in the area first opened, they sold only flower. Now, they stock a variety of items, including edibles and cartridges. [Read More @ The Kansas City Star]

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