Wholesale Cannabis Prices Sky-High in Colorado, Dampening Fears of Crash

By John Schroyer

In early 2015, a number of Colorado’s longtime marijuana industry insiders predicted an impending price crash for wholesale cannabis.

But the crash failed to materialize this summer as feared. In fact, the opposite trend is playing out: prices have skyrocketed in recent months.

In October, the online marijuana wholesale marketplace Cannabase saw recreational product being moved for as much as $3,000 per pound at one point. That’s up from a maximum price point of $2,200 per pound in January and February, Cannabase CEO Jennifer Beck said, and an average sale of about $1,900 early this year.

“To

...

Wholesale Cannabis Prices Sky-High in Colorado, Dampening Fears of Crash is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs