In the Colorado Department of Revenue (CDOR) Average Market Rate report for retail cannabis, flower prices decreased $948 per pound, trim fell $354 per pound, bud and trim for extraction dropped $345 per pound and $253 per pound, respectively, and wet whole plant prices decreased $172. The price per seed increased to $4, while the price for an immature plant stayed steady at $10.
The rates are effective from Jan. 1, 2022, to Mar. 31. 2022 quarter.
The Average Market Rate is the median market price of each category of unprocessed retail cannabis that is sold or transferred from licensed retail cannabis cultivation facilities to retail cannabis product manufacturing facilities or retail shops, according to CDOR in a press release. The state’s cannabis law requires the CDOR Office of Research and Analysis, in coordination with the Taxation Division and the Marijuana Enforcement Division (MED), to calculate average market rates quarterly for use in levying the required excise taxes.
The new quarterly rates are based on transactions from Sept. 1, 2021, through Nov. 30, 2021, that originated from retail cultivators are recorded through METRC, the state’s seed-to-sale tracking system.
According to Revenue Department data, as of Oct. 1, 2021, the average market rate for flower was $1,316 per pound, trim’s rate was $425 per pound, bud and trim for extraction was $405 per pound and $302 per pound, respectively, wet whole plant prices were $181, while the price per seed was $3.
The lowest average market rate price in the state’s industry was seen in October 2018, when bud was $759 per pound. In July 2018, the average market prove for immature plants was $1.
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