Like a hiker with a fourteener repair, the price tag of wholesale pot just keeps climbing in Colorado, according to the state statistics.
Among Might 1 and July 31, the typical price tag of a pound of dried marijuana sold wholesale to shops hit $999, according to the Colorado Division of Income. That is a almost $150 jump more than the $850 typical the state recorded in July.
The $999 typical market place price price tag, a figure made use of 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 in the course 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 merchandise also rose in the course of the reporting period, hitting $254, up from $227. Entire undried plants rose to $173 per pound from $152 and typical seed expenses rose to $five each and every from $four. The costs of wholesale trim and immature plants had been flat at $325 per pound and $eight apiece respectively.
The record typical price tag per pound of wholesale bud was set in January 2015 at $two,007, state information shows. The final time the typical price tag per pound was more than $1,000 was in April of final year.