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Sunday, February 21, 2021 11:37:10 PM
Only time will tell what happens to prices once the pandemic ends (it is going to end, right? TELL ME IT'S GOING TO END!).
Published February 16, 2021
The average retail price for smokable recreational marijuana products in four Western states continued to increase throughout the coronavirus pandemic, thanks to record demand.
Retail flower prices in California, Colorado, Nevada and Washington state collectively grew 17%, with the price of pre-rolls also increasing 15%.
The retail data, provided by Seattle-based cannabis analytics company Headset, reflects the average item price for the past 90 days compared to the same period last year.
The rise in prices is good news for cannabis retailers, because wholesale flower prices continue to increase because of robust consumer demand.
Colorado’s wholesale flower price reached its highest level since 2016, with the average market rate per pound of flower jumping 31% from the beginning of October 2020 to the end of January of this year.
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