"Shortages that plagued the start of Washington state’s legal marijuana market have eased, sending prices in recreational-pot stores down as much as 40 percent.
Seattle’s first pot shop, Cannabis City, ran out of marijuana in three days when it opened in July. Since then, the state has licensed more growers, processors and retailers, increasing supply and reducing prices to an average of $15 a gram, said Randy Simmons, deputy director of the Washington State Liquor Control Board. Prices were as much as $25 a gram in July, including taxes.
Even after the decline, that’s still 50 percent more than the $10 a gram available on the black market, board officials said in an interview yesterday at Bloomberg’s offices in Seattle."
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