Occasionally 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 & both of us see exactly how much people are willing to pay for a recognizable product. This is even more complicated when there are several competitors offering similar products simultaneously. You’re not always given an simple 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 adore that in real time. The cannabis industry has seen a lot of products come & go over the years. The ways cannabis oils are made have evolved & 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 & botanical terpenes as a splitting agent instead of cannabis-derived terpenes. One product—cannabis drinks—used to be extremely high-priced at all of the cannabis stores in our area. They were a novelty & 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 guess that even with high-priced 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.