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Medical Marijuana Prices at Arizona Dispensaries Finally Lowering

Medical marijuana prices in Arizona have finally started to drop, after the recent failure of Proposition 205 to legalize marijuana for all adult use, including recreational, and a simultaneous proliferation of medical cannabis growers and dispensaries throughout the state. If Proposition 205 had passed, the number of prospective consumers for the marijuana industry would presumably skyrocket, maintaining high prices as long as demand outpaced production and availability. But, in the face of the proposition’s defeat, the recent combination of increased competition, cultivation and consolidation of dispensary license-holders has finally started driving medical marijuana prices down in the state.

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