We've updated our Privacy Policy to make it clearer how we use your personal data.

We use cookies to provide you with a better experience, read our Cookie Policy

Advertisement
Analytical Cannabis Logo
×
Home > News > Policy > Content Piece

Colorado Cannabis Flower Prices Fall to New Low

By Leo Bear-McGuinness

Published: Jul 29, 2022   
Listen with
Speechify
0:00
Register for FREE to listen to this article
Thank you. Listen to this article using the player above.

Cannabis is cheaper than ever in Colorado. At least, the wholesale price of flower is.

According to the Colorado Department of Revenue, the average market rate for unprocessed retail cannabis bud was $709 per pound on July 1 this year. The same product had an average price of $799 per pound only this April, and had an average price of $1,316 per pound on July 1 last year.

In the space of a year, the average price of flower fell by 46%.

Prices have fluctuated over the years, with the previous low being an average price of $759 per pound in October 2018.

The new low of $709 per pound is thought to reflect Colorado’s somewhat declining market. As reported by Westworld, the state’s dispensary sales have decreased month after month for eleven months this past year.

Over the first four months of this year, state dispensaries collected just under $612 million, according to the Department of Revenue. At the same point in 2021, though, dispensaries had brought in over $768 million.

 

Like what you just read? You can find similar content on the topic tag shown below.

Policy

Stay connected with the latest news in cannabis extraction, science and testing

Get the latest news with the FREE weekly Analytical Cannabis newsletter

 
Advertisement