Chart: Colorado wholesale marijuana prices tumble in 2016

By Eli McVey Wholesale prices of medical and recreational cannabis fell precipitously in Colorado last year, highlighting the difficulties faced by cultivators looking to maintain their profit margins in one of the nation’s most mature marijuana markets. The average asking price for a pound of marijuana dropped by 38% in the recreational market and 24% in the medical market in 2016, according to data provided by Cannabase, a Colorado-based online wholesale platform where many of the state’s growers and retailers buy and sell cannabis. Medical cannabis eclipsed recreational marijuana last year in terms of average wholesale prices and even saw ... Chart: Colorado wholesale marijuana prices tumble in 2016 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs