In states where marijuana is legal, growers are trying to adapt to plunging retail prices

Marijuana is getting even more popular.
(Image credit: Justin Sullivan/Getty Images)

Pot growers in states where marijuana has been legalized for adult consumption are grappling with the problems of supply and demand that have challenged other commodities. Wholesale U.S. marijuana prices dropped to $1,614 a pound in July, from a high of $2,133 a pound in September 2015, according to New Leaf Data Services, and while that has been great for pot consumers, growers are less enthusiastic, The Wall Street Journal reports. Axios broke that down into more consumer-scale prices, citing BDS Analytics.

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Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.