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Colorado Weed Prices

Colorado Weed Prices

Posted by CANNASaver on Tuesday, 24 November 2020 in Canna Blog - Latest News

Your Guide to 2021 Colorado Weed Prices  

As of 2020, Colorado is closer to a decade of recreational marijuana being legal than a modern preschooler is to third grade. While it’s been a ride, the laws governing cannabis sales in the state evolve every year. One of the factors that influence these legal changes? The average price of weed in Colorado. 

Colorado weed prices affect how much tax is collected. Legal weed prices also aid in reducing black market activity around cannabis, so long as they are low enough to prevent those selling it from being able to reliably turn a profit. 

That’s why we created this guide – to describe how much weed in Colorado is, how much it differs across the state and why. Let’s dive in.

Creating A Consumer Methodology for Determining The Price Of Weed in Colorado

According to the Colorado Department of Revenue, in October 2020 the average price per pound of flower for growers to dispensaries was ~$1300. 

Put another way, growers on average charge dispensaries the following:

  • $81.25 per ounce

  • $10.15 per ⅛ ounce

  • $2.88 per gram

Once dispensaries have received the flower, the price doubles or triples before reaching the buyer. This is the result of paying employees, renting property, buying equipment, and other business operation expenses. 

In order to create a methodology that captures the consumer-end price, we’ve added 200-300 percent to the AMR price the Colorado Marijuana Enforcement Division uses for taxation. 

The Result?

Average Price Per Ounce in Colorado for Recreational Consumers: ~ $160 - $240 

Average Price Per 1/8 Ounce in Colorado for Recreational Consumers: ~ $20 - $30

Average Price Per Gram in Colorado for Recreational Consumers: ~ $5.76 - $8.64

We will use these as benchmarks in the analysis below. 

Determining Colorado Weed Prices

Prices of cannabis in Colorado vary based on brand, region, current specials, and dozens of other factors.

Built within this is a feedback loop for the state and cannabis producers and dispensaries. 

Once every three months, the Colorado Marijuana Enforcement Division, known as Colorado MED, uses data from grower to manufacturer (like an edible producer) or seller (such as a dispensary) to determine an Average Market Rate (AMR). The AMR is the basis for taxes and is reviewed based on weight. 

In the chart below, available on the Colorado Department of Revenue website, you can see that growers of marijuana in Colorado, on average, charge ~$1,300 per pound in October 2020. This is up 30 percent from ~$1,000 in October 2019. This is important for later.

(Pulled from CO DOR 11/25/2020)

Why The Average Market Rate Matters

Roughly speaking, by the time cannabis gets to the consumer the price per pound is double or more than the AMR (average market rate). This is in part because manufacturers and dispensaries have to pay staff, labor, as well as equipment, and licensing. 

The other part? 

Colorado marijuana laws place limits on both recreational consumers and medical marijuana patients.

Consumers can’t easily go out and buy a pound since the law limits recreational to an ounce, or 1/16th of a pound.

In the decades where cannabis was illegal entirely when a police raid created headlines like “$1 Million in Marijuana Confiscated”, it was an average market rate that allowed this headline to make sense. Police would use average street prices to evaluate the worth of a quantity. This applies equally to legal markets. 

How Much Is Weed In Colorado? 

As of October 2020, Colorado MED pulls together purchase information from a total of 466 cultivators, 216 product manufacturers, and 416 medical or recreational stores as part of creating the AMR. When retail mark-up is added, our methodology will give us a standard price. 

To remind you, we are using the following as baseline pricing:

  • Average Price Per Ounce for Recreational Consumers: ~ $160 - $240 

  • Average Price Per 1/8 Ounce for Recreational Consumers: ~ $20 - $30

  • Average Price Per Gram for Recreational Consumers: ~ $5.76 - $8.64

Now let’s test these price estimates on some cannabis dispensaries in Colorado: 

Botanico (Denver)

Strain: Crystal Gelato

Prices: $20 per 1/8th, $160 per ounce

Strain: Bazookies

Price: $140 per ounce

Check Out Botanico Cannabis Deals Here: 

Medicine Man (Longmont)

Strain: Cookies N’ Cream

Prices: $19 per 1/8th, $114 per ounce

Strain: G6 #3

Prices: $19 per 1/8th, $114 per ounce

Check Out Medicine Man Deals Here:

Organix (Breckenridge)

Strain: GG #4

Price: $15 per gram, $32 per 1/8th, $155 per ounce

Check Out Organix Deals Here:

The Lodge (RiNo Denver)

Strain: Sour Chunk

Price: $13 per gram, $32 per 1/8th, $150 per ounce

Check Out The Lodge Deals Here:

What Is The Average Price Per Gram In Colorado? 

The above pricing samples and our baseline costs tell us a few things about weed prices in Colorado. We estimated the average cost per gram, based on Colorado DOR data, to be between ~$6 to $9. However, from our sample, we can see that the average cost per gram is much more.

The average cost per gram of weed in Colorado is between $10-$15. 

This is likely because, as with most things, weed is cheaper when bought in bulk. 

What Is The Average Price Of An 1/8th In Colorado? 

We estimated based on available data from the state of Colorado the average price per 1/8th would be between $20 and $30 dollars. Botanico was on the lower end of our estimated range at $20 per 1/8th. Medicine Man was $19 per 1/8th or $1 less than the estimated low.

Both Organix and The Lodge dispensaries show up at the higher end of our estimated price range, but only by a little. Both have an average price per 1/8th of $32, or $2 more than our $30 high estimate. 

What Is The Average Price Of An Ounce In Colorado? 

The methodology for estimating Colorado weed prices we established actually overestimated the price per ounce on nearly every count. Our methodology puts the average price per ounce at between $160 and $240. 

Every dispensary fell at or below our benchmark of $160. Again, buying in bulk will always lower the price – with anything from soap to marijuana.

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CannaSaver Blog

Colorado Weed Deals You Don't Want to Miss

Posted by CANNASaver on Tuesday, 20 December 2016 in Canna Blog

Here’s the Weed Deals That Made our List

Looking for the cheapest dispensary in Colorado or maybe the best Denver dispensary deals you can find? From ounce deals to shatter deals to the cheapest edibles in Denver, the best weed deals in Denver are right here on CannaSaver. So here’s the lowdown on the best dispensary deals near me and the cheapest ounces in Denver. Let us help you find the best dispensary for concentrates and the most unbelievable recreational deals and savings and in December get 25% Off Glass Pipes at all LivWell stores.

 Best Ounce Deals in Denver

There are many marijuana dispensaries in Denver offering ounce deals for recreational on select strains this week.  For the cheapest top shelf ounces in Denver and the best quality go to The Stone Dispensary for $95 Top Shelf Ounces or Golden Meds for $90 Ounces. A high CBD flower ounce is $89.99 at all LivWell stores or you can get a regular ounce for $99 on select strains. For medical marijuana patients, the best deal on an ounce of marijuana in Denver can be found at RiverRock. A medical ounce is only $100 right now with the marijuana coupon on CannaSaver, and tax is included in this price.

 Best Concentrates in Denver

The best concentrate deals Denver wax and shatter lovers can enjoy right now are at Whole Meds who has $15 wax for medical patients as well as many other concentrate deals for recreational customers you can’t pass up. The Stone Dispensary on Morrison Road has $25 recreational wax or shatter and Medicine Man Denver and Aurora always has 3 grams of wax or shatter for $89.99. DEN REC on Larimer Street has buy one, get one 50% Off on O.pen vape cartridges for recreational customers. Starbuds also has a good deal on vape cartridges this week where you get 2 500mg cartridges for $80 which is good at all Starbuds locations.

 Best Edibles in Denver

The best edibles in Denver this week are from The Joint by Cannabis who offers 20% off all edibles in stock for both rec and med customers and Herban Underground who offers a BOGO 50% OFF. If your looking for infused drinks than MMJ America has 25% Off all drinks on Thursdays.

 Best Marijuana Deals in Boulder

The best marijuana deals in Boulder this week are at MMJ America Boulder. One of the best priced dispensaries in Boulder they are offering recreational half ounces for $60 which is also good at their store on Arapahoe Street in Downtown Denver.

 Best Weed Deals in Colorado

The best weed deal in Colorado Springs is an oz special from Livwell for $99 you get a Top Shelf Ounce and a joint. They also have 4 grams of wax for $100. If your looking for CBD than Quality Choice Alternative Care has 5 CBD Living Waters for $30.

 

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