http://www.hightimes.com/read/survey-says-pot-prices-are-crashing-colorado

“Since last June, the average price of an 1/8th ounce of recreational cannabis has dropped from $50-$70 to $30-$45 currently; an ounce now sells for between $250 and $300 on average compared to $300-$400 last year,” Convergex reported…

“The state grossed $3.55 million in revenues from the 10 percent retail sales tax in January, which suggests stores earned $35.5 million in revenue,” Convergex reported. “That’s a 153 percent increase from the prior year. Revenues in February and March grew by 164 percent and 126 percent on the year respectively, while sales rose by 98 percent year-over-year to $43.9 million in April.”

According to the data, Colorado’s pot shops are expected to gross up to $480 million this year—a 50 percent increase over 2014…

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