Wholesale cannabis bud prices in Colorado set record

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 median price of a pound of marijuana flower sold or transferred to a retail store in Colorado rose to a record $1,316, according to the most recent state data.

The price, based on sales between Aug. 1 and Nov. 30, will serve as the average wholesale market rate for the first quarter of 2020 for tax purposes, the Denver Post reported.

The most recent price is 68.5% higher than the average market rate of $781 per pound on Jan. 1, 2019.