Colorado cannabis wholesale flower prices plummet to all-time low

The wholesale price of cannabis flower in Colorado has gone down to an all-time low. This means that the market is now over-saturated with supply, and this is squeezing the profits of cultivators. As of July 1, the per-pound price was $709, which is down 46% from $1,309 a year ago, and nearly 60% from $1,721 in January 2021, according to Colorado Department of Revenue data. Previously, the low was $759 a pound in October 2018. The figures show how much the market has changed. This is also shown by the fact that marijuana sales have decreased for 12 months in a row in Colorado. 

The market share for marijuana sales in Colorado's largest municipality continues to decline as more sales occur in other parts of the state. Denver dispensaries accounted for 30.9% of all retail sales in Colorado in 2021, down from 48.3% in 2014, according to Westword, citing a report from the Denver Department of Excise and Licenses.

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