Marijuana prices in Colorado hit record low
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The bud's a bargain in Colorado.
Why it matters: Legal marijuana prices are hitting a record low as the industry struggles to recalibrate from declining sales and competition from other states.
State of play: The average market rate for retail marijuana flower from April 1 to June 30 will be $607 a pound, down from $655 during the same period last year, per data from the Colorado Department of Revenue.
- Retail prices are currently $608 a pound, Westword reports. Average prices dropped nearly every quarter since fall 2021, when the average market rate reached $1,316.
- The average market rate — which is used to set taxes — is calculated quarterly using the previous three months of retail transfers, per the Colorado Department of Revenue.
Between the lines: Cannabis flower made up 48% of annual marijuana sales, followed by concentrates (35%) and edibles (13%) as of December 2025, per the Colorado Marijuana Quarterly Market Update dashboard.
The big picture: Colorado sales dropped for the fourth straight year.
- The state recorded just over $1.3 billion in total sales last year, a 6.4% drop compared to 2024, per the Market Update dashboard. Sales peaked back in 2021 at $2.2 billion.
What they're saying: "We're very susceptible to supply and demand — just traditional economic forces," Ryan Hunter, chief revenue officer at Spherex, which manufactures vape cartridges, tells us.
- Limited supply meant higher prices when the retail market first launched in January 2014, Hunter adds.
The intrigue: President Trump's tariffs and the Chinese government's recent decision to eliminate a rebate on e-cigarette components impacted costs for manufacturers like Spherex.
- Hunter tells us that losing the Chinese rebate could mean raising prices on his products.