Wholesale cannabis bud prices rise significantly in Colorado

Women, minority execs show few gains in U.S. cannabis industry, according to the latest data from the MJBiz Diversity, Inclusion and Equity Report. Get your copy here.

The average market rate for wholesale marijuana in Colorado hit a three-year high, according to new figures from the Colorado Department of Revenue.

For the quarter from Oct. 1 to Dec. 31, the average market rate for a pound of unprocessed retail marijuana bud was $1,316, and the average market rate for a pound of trim was $350.

The average market rate for bud increased by 31.6% over the previous quarter, while the rate for trim grew 16.7% on a quarterly basis.

Other average market rates for the quarter, with quarterly changes were:

  • $502 per pound of bud allocated for extraction (down 16.2%)
  • $175 per pound of trim allocated for extraction (down 13.4%)
  • $9 per immature plant (no change)
  • $175 per wet whole plant (down 0.6%)
  • $8 per seed (up 100%)

The Colorado Department of Revenue’s average market rates, which are used in levying excise taxes, were calculated from regulated wholesale transactions from June 1 to Aug. 31.

The $1,316 average market rate for a pound of bud represents the highest rate since October 2017, according to a list of previous rates.

That rate bottomed out at $759 during the quarter beginning Oct. 1, 2018.

In contrast, the current $350 average market rate for a pound of trim was only half what it was during the quarter beginning April 1, 2018, when that rate peaked at $700.