Prepare to spend far less of a percentage of your income on cannabis as legalization spreads and prices tumble. 

According to the new Leafly Cannabis Harvest Report 2022 (.pdf) published today, cannabis prices tumbled despite a year of historic inflation. Adult-use cannabis farmers in the US grew 554 more metric tons of cannabis in 2022 than they did the year before. Still, the crop’s value fell by $1 billion. That’s because legalization makes the price of pot go down. Large-scale farming and high technology have driven wholesale prices to historic lows in Colorado this summer. 

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