{"id":8874,"date":"2019-12-17T01:54:01","date_gmt":"2019-12-17T01:54:01","guid":{"rendered":"https:\/\/www.denverpost.com\/?p=3800377"},"modified":"2019-12-17T01:54:01","modified_gmt":"2019-12-17T01:54:01","slug":"colorados-average-price-of-wholesale-marijuana-hits-3-year-high-after-record-spike","status":"publish","type":"post","link":"https:\/\/cannitrol.com\/blog\/colorados-average-price-of-wholesale-marijuana-hits-3-year-high-after-record-spike\/","title":{"rendered":"Colorado\u2019s average price of wholesale marijuana hits 3-year high after record spike"},"content":{"rendered":"<div id=\"wp_fb_like_button\" style=\"margin:5px 0 5px 5px;float:right;height:100px;\"><script src=\"http:\/\/connect.facebook.net\/en_US\/all.js#xfbml=1\"><\/script><fb:like href=\"https:\/\/cannitrol.com\/blog\/colorados-average-price-of-wholesale-marijuana-hits-3-year-high-after-record-spike\/\" send=\"true\" layout=\"standard\" width=\"450\" show_faces=\"false\" font=\"arial\" action=\"like\" colorscheme=\"light\"><\/fb:like><\/div><div class=\"media_block\"><\/div>\n<div><img src=\"https:\/\/cannitrol.com\/blog\/\/wp-content\/uploads\/2019\/12\/colorados-average-price-of-wholesale-marijuana-hits-3-year-high-after-record-spike.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p><a href=\"https:\/\/www.denverpost.com\/2019\/12\/16\/colorado-wholesale-marijuana-record-price\/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+dp-news-marijuana+%28Denver+Post%3A+News%3A+Marijuana%29&amp;utm_content=Google+UK#comments-anchor\"><span class=\"spot-im-replies-count\" data-post-id=\"3800377\" \/><\/a><\/p>\n<p>The wholesale price of cannabis continues to spike in a major way in Colorado and will hit a three-year high in January, state officials say.<\/p>\n<p>The median price of a pound of marijuana buds sold or transferred to a retail store from a growing facility was $1,316 between Aug. 1 and Nov. 30the Colorado Department of Revenue announced Monday. That figure will serve as the average market rate of wholesale bud for the first three months of 2020, a number the state uses when collecting its 15% excise tax on sales and transfers between grows and stores.<\/p>\n<p>It is almost 32% higher than the average market rate being used for <a href=\"https:\/\/www.denverpost.com\/2019\/09\/17\/colorado-price-wholesale-marijuana\/\">the final three months of this year<\/a>, $999. That\u2019s the largest single-quarter price increase in the history of the state\u2019s recreational marijuana program. It\u2019s also 68.5% higher than the average market rate that took effect Jan 1. 2019, then <a href=\"https:\/\/www.denverpost.com\/2018\/12\/21\/colorado-price-wholesale-marijuana-increases\/\">just $781 per pound<\/a>.<\/p>\n<p>Overall, the average wholesale cost per pound of retail marijuana has risen for five consecutive quarters. The $1,316 per-pound rate is the highest average market price the state has seen since January 2017 when it was $1,471. It\u2019s the first time the price has been over $1,000 since April 2018, <a href=\"https:\/\/www.colorado.gov\/pacific\/sites\/default\/files\/AMR_PriorRates_Oct2019_0.pdf\">state data shows<\/a>.<\/p>\n<aside class=\"related right\" \/>\n","protected":false},"excerpt":{"rendered":"<div class=\"media_block\"><\/div>\n<p>The median price of a pound of marijuana buds sold or transferred to a retail store from a growing facility was $1,316 between Aug. 1 and Nov. 30, the Colorado Department of Revenue says. That&#8217;s nearly 32% higher than it was over the three months prior, a record jump. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[52,1867,6811,6813,77,5577,7816,5667,9,5019,6845,1,3,61,1736],"tags":[2632,4435,6816,6818,2655,5580,7818,5673,5022,6846],"_links":{"self":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts\/8874"}],"collection":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/comments?post=8874"}],"version-history":[{"count":0,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts\/8874\/revisions"}],"wp:attachment":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/media?parent=8874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/categories?post=8874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/tags?post=8874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}