The price of marijuana products in the Empire State is dropping as the legal weed industry booms, spurring more competition while more outlets open.
Concentrates and vapes are each down 15% over the last year, while edibles and flowered cannabis decreased by 14% and 5%, respectively, according to an analysis by the state Office of Cannabis Management.
“As the market has grown to over 500 brands and nearly 370 stores open, we have begun to see average retail prices fall in several leading categories, including Flower, Edibles, Concentrates and Vaporizers,” John Kagia, OCM’s executive director of market policy, innovation and analytics, told The Post.
