Nevada’s comparatively high pot prices are due to costs paid by dispensaries to state-mandated testing labs and a tax on the plant as high as 38 percent in some cities by the time the pot reaches buyers.
High supply of pot, thanks to hundreds of cultivation facilities, has played a role in the overproduction and waste of the plant in other states, he added.
“We charge way too much money for this stuff,” Mueller said. “It’s going to come down.”
Speaking to a crowd of more than 100 at the Las Vegas Medical Marijuana Association’s monthly luncheon, Acres Cannabis CEO John Mueller said price reductions could come as early as next year when up to 42 additional state dispensary licenses are issued for new pot stores to open across the state.
A customer buys marijuana at the Essence cannabis dispensary in Las Vegas, July 1, 2017.
Marijuana prices in Nevada could soon decrease to fall in line with those in more affordable marijuana legal states like Oregon and Colorado, a leader in Nevada’s marijuana industry said Thursday.
A gram of marijuana flower normally costs $12 to $20 at dispensaries across Nevada — the same quantity of pot can be purchased legally in Portland and Denver for $6 to $10. An eighth ounce of flower, priced at $35 to $70 in Nevada, runs from $17 to $50 in Oregon and Colorado’s largest cities.
But as the industry expands to include more dispensaries and cultivation facilities, Mueller said more pot supply will force shops to compete for customers. Nevada has less than one-eighth the number of open dispensaries in both Oregon and Colorado, and costly lab testing standards for those states are not as stringent as they are here.
Fri, Sep 14, 2018 (2 a.m.)
Nevada’s comparatively high pot prices are due to costs paid by dispensaries to state-mandated testing labs and a tax on the plant as high as 38 percent in some cities by …
Just keep in mind when shopping that it’s important to shop at a dispensary that offers lab-tested products and buys from reputable growers. You don’t want to end up using a product that hasn’t been tested for mites or contains all kinds of chemicals.
Also, becoming a member at your favorite dispensary can save you some major cash on your favorite strains (somewhere around 10 percent).
For most of 2019, marijuana prices in Nevada were on the rise. As marijuana went legal recreationally in the state, the tax on wholesale cannabis jumped up drastically, from 2% to 15%. Consumers started buying up inventory, decreasing supply and causing dispensaries to up their prices.
For instance, the average for an ounce of marijuana in Las Vegas has jumped up to $258. Yet some shops are offering an ounce for nearly $100 less. And prices are still lower than they were at this time last year.
There are also some great deals on larger quantities. And remember, savvy shoppers can almost always save by shopping around.
Canopi in North Las Vegas is offering a gram for an average of just $10, or $6 less than the average in the area.
That means it’s more important than ever to shop around for quality cannabis at a decent price.
In fact, you can pick up a gram for as little as $10.
You can use our search tool to browse dispensaries in Vegas.
Are you on the hunt for the best Las vegas marijuana prices and dispensaries? Whether you're a local or visiting, here's where to shop.