Colorado Cannabis Flower Prices Fall to New Low
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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.