WeedLife News Network

Marijuana distributors are already lining up to pick brand names for their buds once sales become legal in 2018.

The 2016 election helped pave the way.

Brands are looking to capitalize on the potential outcomes of Election Day, where voters in a number of states could legalize cannabis, creating massive new markets overnight.

For the week ended Friday, June 10, the spot price index for a pound of cannabis decreased 3% from $2,086 in the prior week to $2,023.