I suppose inflation has given us the wrong impression about price increases.
If you follow the general rise of inflation numbers, they don’t track the price increases we’re seeing at the grocery store.
For example, our favorite batch of frozen french fries doubled in price between the end of 2021 and the end of 2022. That’s a 100% increase in price over the course of a single year. I guess that eggs and butter have also seen absurd price jumps over the previous 12 weeks. A lot of people are accusing these companies of price gouging, although I suppose that labor shortages are having a real effect as well. The “cheap” grocery store chain that saw some of the biggest price jumps is struggling the most to keep people toiling their stores. If you don’t have the same number of employees, your operating costs are naturally going to increase. While most markets have seen a rise in prices over the past two years, there are some cannabis markets in certain states where the opposite is taking locale with prices on marijuana products. There are some states that have such a glut on marijuana from so many businesss opening that the existing dispensaries had to slash their prices from too much stock. The supply is higher than the demand so naturally the prices dropped in the process. In our state, most grams of live rosin were between $76 and $90 about a year ago. Right now grams of live rosin cannabis concentrate are between $50 and $68 at most cannabis dispensaries statewide.