Marijuana prices in Nevada could soon decrease to fall in line with those in more affordable marijuana legal states like Oregon and Colorado, a leader in Nevada’s marijuana industry said Thursday.
Speaking to a crowd of more than 100 at the Las Vegas Medical Marijuana Association’s monthly luncheon, Acres Cannabis CEO John Mueller said price reductions could come as early as next year when up to 42 additional state dispensary licenses are issued for new pot stores to open across the state.
“We charge way too much money for this stuff,” Mueller said. “It’s going to come down.”
A gram of marijuana flower normally costs $12 to $20 at dispensaries across Nevada — the same quantity of pot can be purchased legally in Portland and Denver for $6 to $10. An eighth ounce of flower, priced at $35 to $70 in Nevada, runs from $17 to $50 in Oregon and Colorado’s largest cities.