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Sunday, May 16, 2010

Plummeting Marijuana Prices In California

NPR -- "Legal pot, under the guise of the California's medical marijuana laws, has spurred a rush of new competition. As a result, the wholesale price of pot grown in California is plunging.

Prices are now much less than $2,000 a pound, according to interviews with more than a dozen growers and dealers. Sheriff Tom Allman of Mendocino County says some growers can't get rid of their processed pot at any price."

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