After falling for nearly two straight years, the DOR’s median price per pound for marijuana flower finally went up this spring, going from $649 to $703 from April to July. Since then, median marijuana prices have continued rising, state data shows, hitting $750 per pound in September. Compared to the same time last year, marijuana prices have increased over 13 percent, according to the DOR.
After record-breaking performances during the COVID-19 pandemic, Colorado’s marijuana industry experienced a surge in growers and a surplus of product. The oversupply and increased competition from states new to legal marijuana had put wholesale prices and commercial pot sales…
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