Cannabis Dispensary Santa Monica

Medical Cannabis Spending Could Double in the Future

A new study in Phoenix, Arizona shows that medical marijuana spending could double in a matter of four years if the Trump presidency will not interfere with it. According to ArcView Market Research and the New Frontier Data, retail sales by the end of 2016 were pegged at $367 million. However, the figures are expected to reach about $681 by 2020. So, what accounts for the increased spending on medical marijuana? The authors believe that the price of medical weed is certainly going to drop significantly in the next few years. Looking at it from another perspective, there will be more marijuana bought for each dollar spent. The marijuana delivery service operators who were interviewed in the study stated that they have experienced a decrease in the wholesale prices from over $3500 per pound, reaching a low of $1800 in a number of cases. Further decline in prices is also …

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