BUSINESS
01/02/2014 01:53 pm ET | Updated Jan 23, 2014

Pot May Be Legal In Colorado, But It Isn't Cheap

Legal recreational marijuana has come to Colorado, but all of that competition hasn't necessarily driven down prices.

Reports suggest some shops were even raising prices on Wednesday to try to control demand on the first day of legalized sales, as enthusiasts flocked to the state.

pot prices

In fact, prices in legal markets like Denver and Amsterdam may be even higher than in street markets like New York and San Francisco. (Though to be sure, prices differ based on quantity and quality from city to city).

More from CNBC:

- Pot tourism lights up Colorado
- WeedMaps: Meet the Yelp of the pot biz
- High Times looks to form $100M marijuana fund

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