Cannabis has become a booming business in Nevada over the past couple of years. A number of wholesalers have popped up all over the state. If you want to buy cannabis products for your retail business, you’ll want to learn about these companies and what they offer.
Cannabis Wholesale Prices on the Rise
Wholesale cannabis prices have been on the rise for a while now. In fact, Nevada has the most some of the highest (no pun intended) pre-rolled, concentrate, and flower cannabis prices in the U.S right now. Even vaporizer devices are priced at a premium for retailers and consumers alike.
While you could expect to pay an average of $15 to $20 for just a gram of flower cannabis at most dispensaries, it ranges from $40 to $70 in this state. This could explain why there aren’t as many retail locations for cannabis in Nevada as Colorado and Oregon.
Increasing Demand for Cannabis
Retail businesses looking for cannabis from wholesalers are more than a little frustrated over the exorbitant prices. This continuing trend is mostly due to the incredible demand for cannabis in Nevada. Since demand has not dropped (it has actually increased in the past year), neither have prices.
There are other possible factors that are contributing to this issue, including a deficit of products. The fewer products wholesalers have on hand, the more they have to charge for them to turn a substantial profit.
Future of Wholesale Cannabis Prices
While the cost of wholesale cannabis products could start to decrease, it is unlikely that it will happen anytime soon. Some people in this industry speculate that these prices could drop slightly next year in 2020. This basis for this speculation is the 42 new licenses that are being given to dispensaries in this state.
The influx of new retail locations could lead to a drop in wholesale prices. It is, however, unclear as to just how much prices will decrease if at all. In fact, it is possible that prices continue to go up if demand for these products keeps growing.
It could also be easier for retailers to gain access to these wholesale products if marijuana is loses its Schedule 1 classification. This is a decision that is ultimately up to the federal government.
Top Cannabis Wholesale Companies
As of right now there are only a handful of companies that offer cannabis products at wholesale prices for retailers. It is important to research these options before deciding which wholesaler to buy from.
The Source
The Source is a dispensary based in Las Vegas, Nevada. It offers a variety of products to both consumers and retailers. Some of these products include flower cannabis, pre-rolls, concentrates, CBD, vape cartridges, and various topicals.
The Apothecarium
The Apothecarium is another Vegas dispensary/wholesaler that is known for offering reasonably prices cannabis products. They have everything from edibles to hybrid strains for sale. You can find a detailed menu on this company’s website.
CBD Hemp Direct
The Nevada-based CBD Hemp Direct offers a wide range of marijuana-based CBD products, including flower, edibles, and much more. It is widely regarded as being one of the best wholesalers for these particular products in the entire state.
Final Thoughts
If you are looking for wholesale cannabis products, it is important to find a reputable company that charges fair prices. While the cost of these products is still fairly high in Nevada, there are some wholesalers that offer better deals than others. The more research you do, the easier it will be to save money for your retail business.