Like a hiker with a fourteener repair, the value of wholesale pot just keeps climbing in Colorado, according to the state statistics.
Amongst May possibly 1 and July 31, the typical value of a pound of dried marijuana sold wholesale to retailers hit $999, according to the Colorado Division of Income. That is a practically $150 jump more than the $850 typical the state recorded in July.
The $999 typical industry price value, a figure utilized by the state when assessing its 15% excise tax on retail marijuana sales and transfers, requires impact Oct. 1. It marks the fourth straight 3-month reporting period for the duration of which the price of bud rose. In October 2018, a pound was going for $759 on typical.
The typical price of buds destined to be turned into extract items also rose for the duration of the reporting period, hitting $254, up from $227. Entire undried plants rose to $173 per pound from $152 and typical seed charges rose to $five every single from $four. The costs of wholesale trim and immature plants had been flat at $325 per pound and $eight apiece respectively.
The record typical value per pound of wholesale bud was set in January 2015 at $two,007, state information shows. The final time the typical value per pound was more than $1,000 was in April of final year.