Sometimes the novelty of a new product will drive its starting price far above its real value.
A market determines the value of an item over long periods of time as customer behavior levels out and we see exactly how much people are willing to pay for a particular product.
This is even more complicated when there are multiple competitors offering similar products simultaneously. You’re not always given an easy decision as a consumer if one product is nearly identical to another in every way besides their cost. So you have to watch carefully as a market tests a product like that in real time. The cannabis industry has seen a lot of products come and go over the years. The ways cannabis oils are made have evolved and you can find more solventless products than ever before with rosin being so popular nowadays. You aren’t necessarily limited to cannabis distillate oils that are made with ethanol as a solvent and botanical terpenes as a cutting agent instead of cannabis-derived terpenes. One product—cannabis drinks—used to be extremely expensive at all of the cannabis stores in my area. They were a novelty and thought to garner $40 in value compared to cheaper marijuana edibles. Thankfully you can find the same cannabis drinks nowadays for only $10 from the same weed stores selling them for $40 a few years prior. I think that even with expensive products, sometimes you just need to have patience for the prices to fall naturally. It’s often a matter of time because the market adjusts the price accordingly.