Iowa Marijuana Sales Increase Thirty Percent Following Announcement Of Lower Prices For Vape Pens With 80+% THC

MedPharm Iowa recently announced way lower prices and a new product line of cannabis oil concentrates. A popular Colorado brand “Batch” is being sold to patients in Iowa dispensaries. And, it looks like these new lower prices may for the first time be influencing the black market in Iowa, a black market which has relatively been unperturbed by Iowa’s advances in legalizing and regulating medical marijuana.

Sales are up a whopping $200,000 month over month after the recent announcement. In context of Iowa’s program, that amounts to an increase of roughly 30 percent of sales, and if this trend continues, that adds $2.4 million to Iowa’s annual legal marijuana sales.

Prior to this price lowering, prices were uncompetitive with black market unregulated vape cartridges, which sell for around $40 a gram and are unreliable, untested, and inconsistent as well as illegal. The legal cartridges new price point at Iowa dispensaries for cardholding marijuana patients is finally approaching black market prices, which is likely why we are seeing the increase in sales in this latest report on the data of the Iowa marijuana program:

This is good news for Iowa medical marijuana patients and bad news for drug dealers. The more Iowa lowers marijuana prices, the less violent crime there will be, as gangs and drug dealers in Iowa go out of business unable to sell marijuana on the black market, thereby reducing the violence that comes along with illegal, unregulated and uncontrolled narcotics and controlled substances (and herbs).