Pot market on track to stabilize after rough years

Western state analysts say with the rebalancing, prices should rise and nudge tax collections up.
Marijuana clone plants are displayed for sale by Interstate 5 Farms at the cannabis-themed Kushstock Festival at Adelanto, Calif., on Oct. 20, 2018. (AP Photo/Richard Vogel, File)

Revenue analysts in California, Colorado, Oregon and Washington expect marijuana tax collections to level out or slightly rebound this fiscal year after about two years of steep decline — potentially meaning more money for schools, child care, drug treatment programs and other services.

Analysts also see a stabilization of prices, which fell in recent years as growers produced more weed than dispensaries could sell. As the market rebalances, prices should rise and nudge tax collections up, they say.

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