4

Wholesale Marijuana Prices Continue Inching Up

Marijuana flowers hang to dry inside a Denver warehouse.EXPAND
Marijuana flowers hang to dry inside a Denver warehouse.
Scott Lentz
^
Keep Westword Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Denver and help keep the future of Westword free.

Wholesale marijuana prices in the state are slowly on the rise, according to the Colorado Department of Revenue.

Starting April 1, the agency's Marijuana Enforcement Division will update the average market rate (AMR) for commercial marijuana, the MED's estimate for the average price of wholesale marijuana flower, trim, clones, seeds and parts of the plant used for extraction. These estimates are used to determine tax rates on the pot industry, and are updated several times a year.

How does this affect you, the shopper? The more expensive wholesale pot becomes, and the higher the taxes levied on it, the more you're likely to pay at the dispensary.

And the MED says that wholesale pot prices are continuing to grow — if just barely. According to the department's estimates, a wholesale pound of commercial marijuana should cost an average $806 in April, while a standard pound of trim will go for $425. These increases are relatively modest since the last AMR update in the beginning of 2019, rising from $781 and $396, respectively.

These small bumps shouldn't alter much at the cash register or affect any 4/20 deals as April comes around. Nor will the average prices change much for bud and trim designated for extraction, which experienced just minimal increases in the MED's latest estimates.

While wholesale marijuana costs are technically rising right now, they've still fallen over 38 percent since October 2017, when a pound of flower averaged $1,305. The AMR for a pound of trim, however, has actually increased slightly since then, going from $405 to $425.

Keep Westword Free... Since we started Westword, it has been defined as the free, independent voice of Denver, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Denver with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.

 

Join the Westword community and help support independent local journalism in Denver.

 

Join the Westword community and help support independent local journalism in Denver.