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Crash or cash: What’s happening to California cannabis prices?

Submitted by Marijuana News on Thu, 06/07/2018 - 09:50 

At a high-end dispensary in San Francisco, the self-proclaimed center of all things disruptive, staffers are debating if the time is right to unleash onto the market something never before seen, something they believe could revolutionize California’s multibillion-dollar marijuana industry.

They’re wondering whether they can charge $90 for an eighth of an ounce of cannabis—and if customers will still buy it.

“People don’t blink at $75 an eighth,” said one of the dispensary’s buyers, who requested anonymity in order to speak freely. That, in turn, is fueling the high-roller’s urge to push the stakes even higher. “Is $90 an eighth insane?”