Marijuana Business Factbook 2019

204 Marijuana Business Factbook 2019 Chapter 3 | Financial & Operational Data: Wholesale Cultivators © Copyright 2020, Marijuana Business Daily , a division of Anne Holland Ventures Inc. You may NOT copy this Factbook, or make public the data and facts contained herein, in part or in whole. For more copies or editorial permissions, contact CustomerService@MJBizDaily.com or call (720) 213-5992, ext. 1. CHART 3.19: Range Of Wholesale Cannabis Prices By State: January 2018 Through December 2018 Source: Cannabis Benchmarks®, a division of New Leaf Data Services © 2019 Marijuana Business Daily, a division of Anne Holland Ventures Inc. All rights reserved. Range Of Wholesale Cannabis Prices By State: January 2018 Through December 2018 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 $5,000 $5,500 Weighted Average Price Per Pound Alaska California Colorado Connecticut Illinois Massachusetts Michigan Nevada New Hampshire Oregon Rhode Island Washington DC Washington state U.S. Spot Price Yearly Low Yearly Average Yearly High Wholesale prices vary not just between markets, but within markets as well. The states with the least pricing variation in 2018 ― Connecticut, New Hampshire and Rhode Island ― are similar in their restrictive rules governing dispensaries and cultivation. New Hampshire allows only four vertically integrated dispensaries; Connecticut bars vertical integration but operates with only four cultivators; and while Rhode Island has not capped the number of stand-alone wholesale cultivators, demand held relatively stable from 2017 to 2018. Alaska had the most variation in prices during 2018, as the state continued to bring supply and demand in line under challenging outdoor and expensive indoor growing conditions. Prices in Nevada stayed above the national average for the whole year as the state continued to enjoy recreational sales from out-of-state visitors. Prices in Oregon exhibited a widespread decline for the year as the state grappled with oversupply. Colorado and Washington state ― two other mature markets with overproduction fallout ― had yearly high prices roughly equivalent to the nationwide average, meaning prices in these states were below the national average when not at their peak.