Shatter prices in colorado11/23/2023 ![]() What Is The Average Price Of An 1/8th In Colorado? This is likely because, as with most things, weed is cheaper when bought in bulk. The average cost per gram of weed in Colorado is between $10-$15. However, from our sample, we can see that the average cost per gram is much more. We estimated the average cost per gram, based on Colorado DOR data, to be between ~$6 to $9. The above pricing samples and our baseline costs tell us a few things about weed prices in Colorado. What Is The Average Price Per Gram In Colorado? Price: $13 per gram, $32 per 1/8th, $150 per ounce Check Out The Lodge Deals Here: Price: $15 per gram, $32 per 1/8th, $155 per ounce Check Out Organix Deals Here: Prices: $19 per 1/8th, $114 per ounce Check Out Medicine Man Deals Here: Price: $140 per ounce Check Out Botanico Cannabis Deals Here: Now let’s test these price estimates on some cannabis dispensaries in Colorado: Botanico (Denver) To remind you, we are using the following as baseline pricing:Īverage Price Per Ounce for Recreational Consumers: ~ $160 - $240Īverage Price Per 1/8 Ounce for Recreational Consumers: ~ $20 - $30Īverage Price Per Gram for Recreational Consumers: ~ $5.76 - $8.64 When retail mark-up is added, our methodology will give us a standard price. How Much Is Weed In Colorado?Īs of October 2020, Colorado MED pulls together purchase information from a total of 466 cultivators, 216 product manufacturers, and 416 medical or recreational stores as part of creating the AMR. Police would use average street prices to evaluate the worth of a quantity. In the decades where cannabis was illegal entirely when a police raid created headlines like “$1 Million in Marijuana Confiscated”, it was an average market rate that allowed this headline to make sense. This is in part because manufacturers and dispensaries have to pay staff, labor, as well as equipment, and licensing.Ĭolorado marijuana laws place limits on both recreational consumers and medical marijuana patients.Ĭonsumers can’t easily go out and buy a pound since the law limits recreational to an ounce, or 1/16th of a pound. Roughly speaking, by the time cannabis gets to the consumer the price per pound is double or more than the AMR (average market rate). (Pulled from CO DOR ) Why The Average Market Rate Matters This is up 30 percent from ~$1,000 in October 2019. In the chart below, available on the Colorado Department of Revenue website, you can see that growers of marijuana in Colorado, on average, charge ~$1,300 per pound in October 2020. The AMR is the basis for taxes and is reviewed based on weight. Once every three months, the Colorado Marijuana Enforcement Division, known as Colorado MED, uses data from grower to manufacturer (like an edible producer) or seller (such as a dispensary) to determine an Average Market Rate (AMR). ![]() Prices of cannabis in Colorado vary based on brand, region, current specials, and dozens of other factors.īuilt within this is a feedback loop for the state and cannabis producers and dispensaries. We will use these as benchmarks in the analysis below. In order to create a methodology that captures the consumer-end price, we’ve added 200-300 percent to the AMR price the Colorado Marijuana Enforcement Division uses for taxation.Īverage Price Per Ounce in Colorado for Recreational Consumers: ~ $160 - $240Īverage Price Per 1/8 Ounce in Colorado for Recreational Consumers: ~ $20 - $30Īverage Price Per Gram in Colorado for Recreational Consumers: ~ $5.76 - $8.64 ![]() This is the result of paying employees, renting property, buying equipment, and other business operation expenses. Once dispensaries have received the flower, the price doubles or triples before reaching the buyer. Put another way, growers on average charge dispensaries the following: Creating A Consumer Methodology for Determining The Price Of Weed in ColoradoĪccording to the Colorado Department of Revenue, in October 2020 the average price per pound of flower for growers to dispensaries was ~$1300. That’s why we created this guide – to describe how much weed in Colorado is, how much it differs across the state and why. Legal weed prices also aid in reducing black market activity around cannabis, so long as they are low enough to prevent those selling it from being able to reliably turn a profit. One of the factors that influence these legal changes? The average price of weed in Colorado.Ĭolorado weed prices affect how much tax is collected. While it’s been a ride, the laws governing cannabis sales in the state evolve every year. ![]() As of 2020, Colorado is closer to a decade of recreational marijuana being legal than a modern preschooler is to third grade.
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