Dispensaries throughout California will slash prices over the next four days trying to get rid of as much product as possible before July 1st. When the state legalized marijuana on January 1st, they instituted new regulations on testing, packaging and ingredients that dispensaries would need to follow. However, the state gave businesses a six month period where they could continue selling cannabis that did not meet the new requirements. That six months period will end on July 1st, meaning any cannabis dispensaries don't sell by then will need to be destroyed.
While consumers may enjoy the lower prices available until July 1st, they won't be quite as happy once the new month begins. Many believe the state will experience massive cannabis shortages as dispensaries need to restock their entire inventory with product that meets the new state standards. So dispensaries are hoping to sell off all of their current product so the losses for the upcoming shortage will not be quite as steep.
So if you live in California, you might want to stock up on cannabis over the next few days, because it might become a lot harder to come by in the next few weeks.
(h/t Desert Sun)