Scott Lentz
Audio By Carbonatix
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.
