Big Medicine Cannabissary
Garlic Breath
Boulder Wellness Center
Medellin
Breckenridge Organic Therapy
Apple Fritter, Big Bubba Diesel, Triangle Og
Buddy Boy
Gas Tanker, Gg 4, Koko Puffs, La Kush Cake, Lucky Charms, Strawberries N Cream, Sueno, Triangle Og, Wedding Crasher, White 99
Canna Cabinet
Apple Fritter, Apples And Bananas, Banana Kush, Bananaghani, Big Bubba Diesel, Biker Oz, Blood Orange, Bubba Berry, Cereal Milk, Colorado Cool Aid, Cookies N Cream, Durban Kush, Electric Lemonade, Forza Sans Souci, Fubar, Garlic Breath, Gas Tanker, Gelato 41, Granola Funk, Grape Oz, Headband Kush, Ice Cream Cake, Ice Milk, Infinity, Island, Koko Puffs, La Kush Cake, Lava Breath, Layer Cake, Medellin, Melonz, Meow, Milky Weigh, Muffinz, Orange Zkittlez, Papaya Cake, Peach Crescendo, Peach Kush, Peach Pie, Peking Duck, Pineapple Blast, Pruno, Purple Marmalade, Purple Papaya Punch, Rain Dance, Raspberry, Ritas Cherry, Runtz, Sage N Sour, Sherb Crasher, Slap And Tickle, Slurricane, Snickerz, Sour Melon, Sour Rado, Strawberry Flame, Strawberry Milk, Strawberry Shortcake, Sueno, Sundae Float, Sunset Drive, Tart Pop, Tart Pops, Thai, The Sauce, Triangle Og, Unicorn Poop, Wedding Crasher, White Runtz, Wookie Fruit, Yuck Mouth, Yuk Mouth, Zookies
Cherry Peak Dispensary
Apple Fritter, Banana Kush, Blood Orange, Cereal Milk, Chemmy Jones, Durban Kush, Granola Funk, Headband Kush, Koko Puffs, La Kush Cake, Layer Cake, Meow, Miracle Alien Cookies, Orange Zkittlez, Peach Crescendo, Peach Pie, Runtz, Slurricane, Sour Rado, Sueno, Tart Pops, White Runtz
Chronic Therapy
Strawberries N Cream
Colorado Harvest Company
Biker Oz, Flow, Granola Funk, Headband Kush, Lava Breath, Milky Weigh, Papaya Cake, Peach Kush, Peking Duck, Pruno, Sour Melon, Sour Orange Zkittles, Sundae Float, Tart Pops
Cookies
Forza Sans Souci, Miracle Alien Cookies, Ooh La La
Denvers Kush Club
Apple Fritter, Midnight, Muffinz, Noon, Peach Kush
Doctors Orders
Item 9, Peach Crescendo, Ritas Cherry, Runtz, Snickerz, Sour Melon
Drift
Gelato 41, Infinity, White 99
Eclipse Cannabis
Ice Cream Cake, Mac
Elevated
Cherry Hills, Durban Kush, Melonz, Strawberry Shortcake
EmJ's
Bubba Berry, Cherry Diesel, Cherry Hills, Colorado Cool Aid, Forza Sans Souci, Grape Oz, Layer Cake, Melonz, Milky Weigh, Orange Zkittlez, Peach Crescendo, Strawberry Milk, Sueno, Sunset Drive, The Sauce, Unicorn Poop
Emerald Fields
Cherry Punch, Durban Kush, Forza Sans Souci, Gary Payton, Ice Milk, Melonz, Midnight, Milky Weigh, Muffinz, Noon, Orange Zkittlez, Peach Kush, Peking Duck, Strawberry Milk, Sueno, Triangle Og, Yuk Mouth
Euflora
Cake Pop, Cherry Diesel, Forza Sans Souci, Garlic Breath, Gg 4, Layer Cake, Peking Duck, Snickerz, Super Sour Lemon
Fountain Organics
Pineapple Blast, The Sauce
Golden Meds
Apple Fritter, Ice Cream Cake, Ice Milk, Koko Puffs, Melonz, Muffinz, Sherb Crasher, Sunset Drive, Yuk Mouth
Golden Meds
Cake Pop, Cherry Hills, Dosi, Gg 4, Granola Funk, Grape Oz, Headband Kush, Ice Milk, Layer Cake, Papaya Cake, Sage N Sour, Strawberry Milk, Sueno
Green Dragon
Forza Sans Souci, Gas Tanker, Orange Zkittlez, Peach Crescendo
Green Pharm 2
Banana Kush, Bubba Berry, Cherry Hills, Colorado Cool Aid, Grape Oz, Ice Milk, Item 9, Koko Puffs, Miracle Alien Cookies, Orange Zkittlez, Sour Diesel, Strawberry Milk, Super Sour Lemon
Greenfields
Cake Pop, Cherry Diesel, Layer Cake, Papaya Cake, Slap N Tickle, Strawberries N Cream, Sueno
Herbal Healing
Bubba Berry, Cake Pop, Cherry Diesel, Cherry Punch, Forza Sans Souci, Gas Tanker, Grape Oz, Headband Kush, Item 9, Koko Puffs, Lava Breath, Melonz, Pineapple Blast, Ritas Cherry, Sage N Sour, Sour Orange Zkittles, Strawberry Milk, Sueno, Super Sour Lemon, Tart Pops, The Sauce, Unicorn Poop
Herbs 4 You
Gas Tanker, Peach Crescendo, Purple Marmalade, Sour Diesel, Super Sour Lemon, Yuk Mouth
High Octane Dispensary
Biker Oz, Gary Payton, Triangle Og
High Plains Strains
Bananaghani, Biker Oz, Granola Funk, Grape Oz, Layer Cake, Papaya Cake, Sundae Float, Triangle Og
High Plainz Strains
Durban Kush, Forza Sans Souci, Galleta, Ice Cream Cake, Ice Milk, Koko Puffs, La Kush Cake, Lava Breath, Layer Cake, Melonz, Meow, Muffinz, Pruno, Purple Marmalade, Snickerz, Strawberries N Cream, Sueno, Super Sour Lemon, Triangle Og, White 99, White Runtz, Yuk Mouth
Higher Grade
Bubba Berry, Cherry Diesel
Kanopya Springs
Item 9, Sueno, Tart Pops
Karmaceuticals
Chemmy Jones, Peking Duck, Sage N Sour, White 99, White Runtz
Kind Care Of Colorado
Ice Cream Cake, Island, Lava Breath, Peach Crescendo, Purple Marmalade, Slurricane
Kinfolk Farms
Big Bubba Diesel, Cherry Hills, Fubar, Gas Tanker, Larry, Layer Cake, Muffinz, Orange Zkittlez, Papaya Cake, Peking Duck, Slap N Tickle, Sueno, Super Sour Lemon, Wookie Fruit, Yuk Mouth
LOVA co
Apple Fritter, Durban Kush, Ice Milk, Medellin, Sage N Sour
LaConte's Denver
Cherry Diesel, Durban Kush
Lakeshore Cannabis
Apple Fritter, Big Bubba Diesel, Blood Orange, Bubba Berry, Cookies Cream, Galleta, Gary Payton, Granola Funk, Island, Item 9, Melonz, Peking Duck, Ritas Cherry, Slurricane, Strawberry Flame, Strawberry Milk, Strawberry Shortcake, Tart Pops, The Sauce, Triangle Og, Wedding Crasher, Wookie Fruit
Lightshade
Apple Fritter, Cereal Milk, Chem 4, Cherry Diesel, Flow, Forza Sans Souci, Gelato 41, Ice Cream Cake, Item 9, Koko Puffs, Lava Breath, Layer Cake, Lucky Charms, Midnight, Miracle Alien Cookies, Peach Crescendo, Peach Kush, Rain Dance, Ritas Cherry, Runtz, Slap N Tickle, Sour Flower, Sour Melon, Strawberry Milk, Sueno, Sundae Float, Sunset Drive, Super Sour Lemon, Tart Pops, The Sauce, Unicorn Poop, White Runtz, Yuk Mouth
Living Rose Wellness
Gas Tanker, Granola Funk, Grape Oz, Item 9, Layer Cake, Melons, Milky Weigh
Lova co
Apple Fritter, Bananaghani, Cake Pop, Cherry Punch, Cookies N Cream, Durban Kush, Gary Payton, Granola Funk, Grape Oz, Ice Cream Cake, Ice Milk, Layer Cake, Lemon P, Milky Weigh, Muffinz, Purple Marmalade, Sage N Sour, Slap N Tickle, Strawberry Milk, Sueno, Sunset Drive, Super Sour Lemon
Magnolia Rd.
Cherry Hills, Headband Kush, Koko Puffs, Muffinz, Papaya Cake, Peach Kush, Sage N Sour, Strawberry Shortcake, The Sauce
Magnolia Road Cannabis Co
Bananas, Forza Sans Souci, Fubar, Gas Tanker, La Kush Cake, Layer Cake, Orange Zkittlez, Peach Crescendo, Peach Pie, Sueno, Yuk Mouth
Magnolia Road Cannabis Co.
Big Bubba Diesel, Cherry Diesel, Grape Oz, Super Sour Lemon
Maikoh Holistics
La Kush Cake, Miracle Alien Cookies, Runtz, Snickerz
Mana Cannabis
Sueno, White 99, White Runtz
Mana Supply Company
Sueno, White 99
Medicine Man
Apple Fritter, Biker Oz, Cherry Diesel, Cherry Punch, Gary Payton, Gas Tanker, Gg 4, Infinity, La Kush Cake, Larry, Lava Breath, Meow, Orange Zkittlez, Peach Kush, Peking Duck, Pruno, Slap N Tickle, Strawberry Shortcake, Sueno, Tart Pops, White Runtz
Mile High Dispensary
Sueno
Native Roots
Apple Fritter, Apples And Bananas, Banana Kush, Bananaghani, Big Bubba Diesel, Biker Oz, Blood Orange, Bubba Berry, Cake Pop, Cereal Milk, Cherry Diesel, Durban Kush, Galleta, Garlic Breath, Gary Payton, Gas Tanker, Gelato, Granola Funk, Grape Oz, Headband Kush, Ice Cream Cake, Ice Milk, Island, Item 9, Koko Puffs, La Kush Cake, Layer Cake, Melonz, Milky Weigh, Miracle Alien Cookies, Muffinz, Papaya Cake, Peach Kush, Peking Duck, Pineapple Blast, Pruno, Pudding Pop, Purple Marmalade, Rain Dance, Ritas Cherry, Runtz, Sage N Sour, Sherb Crasher, Slap N Tickle, Snickerz, Sour Melon, Sour Orange Zkittles, Strawberry Flame, Strawberry Shortcake, Sueno, Sunset Drive, Super Sour Lemon, Tart Pop, The Sauce, Triangle Og, Unicorn Poop, Yuk Mouth, Zookies
Native Roots Vail
Big Bubba Diesel, Cake Pop, Cherry Diesel, Cookies N Cream, Gg 4, Melonz, Muffinz, Ritas Cherry, Sherb Crasher, Slap N Tickle, Sour Orange Zkittles, Sueno, The Sauce
Natural Alternatives for Health
Apple Fritter, Biker Oz, Durban Kush, Koko Puffs, Peach Kush, Ritas Cherry, Sage N Sour, Sherb Crasher, Strawberry Shortcake
Nature's Herbs & Wellness
Bananaghani, Biker Oz, Cake Pop, Cookies N Cream, Dosi, Forza Sans Souci, Granola Funk, Grape Oz, Ice Cream Cake, Lava Breath, Layer Cake, Melonz, Meow, Muffinz, Papaya Cake, Peking Duck, Pruno, Purple Marmalade, Wedding Crasher
Natures Herbs & Wellness Center
Apple Fritter, Durban Kush, Granola Funk, Ice Milk, Lava Breath, Milky Weigh, Muffinz, Papaya Cake, Sherb Crasher, Sundae Float, Yuk Mouth
Natures Kiss
Muffinz, Project 4510, Snowman
Natures Medicine
Apple Fritter, Bananas, Cherry Punch, Colorado Cool Aid, Fubar, Garlic Cookies, Georgia Pie, Item 9, Milky Weigh, Muffinz, Peach Crescendo, Slap N Tickle, Super Sour Lemon, White 99
Oasis Cannabis Superstore
Apple Fritter, Cherry Hills, Collins Ave, Gg 4, Granola Funk, Grape Oz, Ice Milk, Medellin, Milky Weigh, Papaya Cake, Peach Crescendo, Peking Duck, Pineapple Blast, Purple Marmalade, Ritas Cherry, Sour Rado, Sueno, Triangle Og, White Runtz, Wookie Fruit
Peak MJ
Cake Pop, Purple Papaya Punch, Sherb Crasher, Sundae Float, Wookie Fruit
Rocky Mountain Blaze
Bubba Berry, Forza Sans Souci, Headband Kush, Island, Layer Cake, Milky Weigh, Orange Zkittlez, Raspberry, Slap N Tickle, Strawberry Shortcake, Tart Pops, The Sauce, White 99
Rocky Mountain Cannabis
Biker Oz, Blood Orange, Cherry Hills, Forza Sans Souci, Galleta, Garlic Breath, Gelato 41, Grape Oz, Ice Milk, Melonz, Milky Weigh, Peach Kush, Raspberry, Sage N Sour, Sherb Crasher, Snickerz, Sunset Drive, Triangle Og, Yuk Mouth
Rocky Road
Bananaghani, Cereal Milk, Cherry Hills, Cherry Punch, Granola Funk, Grape Oz, Ice Cream Cake, Item 9, Lava Breath, Melonz, Midnight, Orange Zkittlez, Papaya Cake, Peach Crescendo, Peach Kush, Ritas Cherry, Sage N Sour, Sherb Crasher, Slap N Tickle, Slurricane, Sour Orange Zkittles, Strawberry Shortcake, Sueno, Tart Pops, The Sauce, Triangle Og
Roots RX
Blood Orange, Ice Cream Cake, Orange Zkittlez, Yuk Mouth
Roots Rx
Apple Fritter, Berries N Cream, Blood Orange, Cherry Hills, Durban Kush, Granola Funk, Island, Koko Puffs, Meow, Orange Zkittlez, Peach Kush, Purple Papaya Punch, Slap N Tickle, Slurricane, Strawberry Shortcake, Sueno, Sunset Drive, Super Sour Lemon, The Sauce, Wookie Fruit, Yuk Mouth
Simply Pure
Blood Orange, Gary Payton, Georgia Pie, Item 9, Lava Breath, Muffinz, Orange Zkittlez, Papaya Cake, Peach Crescendo, Slap N Tickle, Sour Melon, Triangle Og, Yuk Mouth
Smokin Gun Apothecary
Ooh La La, Yuk Mouth
Solace Meds
Apple Fritter, Biker Oz, Blood Orange, Bubba Berry, Cereal Milk, Cherry Diesel, Cherry Hills, Cherry Punch, Forza Sans Souci, Garlic Breath, Gary Payton, Gas Tanker, Gelato 41, Granola Funk, Grape Oz, Headband Kush, Island, Item 9, Koko Puffs, Lava Breath, Layer Cake, Melonz, Meow, Midnight, Milky Weigh, Miracle Alien Cookies, Muffinz, Noon, Orange Zkittlez, Peach Crescendo, Pineapple Blast, Raspberry, Slap N Tickle, Snickerz, Sour Melon, Strawberry Milk, Sueno, Tart Pops, The Sauce, Triangle Og, Unicorn Poop, Wookie Fruit, Yuk Mouth, Zookies
Spark
Peach Kush, Sundae Float
Star Buds
Apple Fritter, Forza Sans Souci, Galleta, Garanimals, Gelato 41, Georgia Pie, Infinity, Layer Cake, Meow, Peking Duck, Strawberry Shortcake, Sueno, Sunset Drive, Triangle Og, Unicorn Poop, White 99, Yuk Mouth
Star buds
Meow, Sueno, Sunset Drive, Triangle Og
Steel City Meds
Banana Kush, Blue Sherbert, Cake Pop, Cherry Hills, Cookies N Cream, Flow, Forza Sans Souci, Garlic Breath, Item 9, Papaya Cake, Peach Pie, Sage And Sour, Slurricane, Sour Diesel, Strawberries N Cream, Sunset Drive, The Sauce
The 404 Dispensary
Meow, Peach Crescendo, Super Sour Lemon, White Runtz
The 64 Store
Cake Pop, Forza Sans Souci, Gas Tanker, Koko Puffs, Layer Cake, Super Sour Lemon, Unicorn Poop
The Dispo
Ice Milk, Island, Peach Crescendo, Pineapple Blast, Runtz, Skywalker, Slap N Tickle
The Green Solution
Apple Fritter, Banana Kush, Biker Oz, Blood Orange, Blue Sherbert, Bubba Berry, Cereal Milk, Durban Kush, Garlic Breath, Gary Payton, Grape Oz, Item 9, Lava Breath, Meow, Muffinz, Peach Crescendo, Peach Kush, Peking Duck, Purple Papaya Punch, Raspberry, Sage N Sour, Sherb Crasher, Snozzberry, Sour Rado, Sueno, Sunset Drive, Super Sour Lemon, Triangle Og, Wedding Crasher, White 99
The Happy Camper Cannabis Company
Big Bubba Diesel, Biker Oz, Cherry Diesel, Durban Kush, Electric Lemonade, Forza Sans Souci, Galleta, Gary Payton, Grape Oz, Ice Milk, Island, Lucky Charms, Melonz, Orange Zkittlez, Peach Kush, Peking Duck, Purple Papaya Punch, Rain Dance, Ritas Cherry, Sage N Sour, Sherb Crasher, Slap N Tickle, Snickerz, Sour Melon, Strawberry Milk, Strawberry Shortcake, Sunset Drive, Tart Pops, The Sauce, White Runtz, Yuck Mouth, Zookies
The Joint Denver
Gary Payton, Granola Funk, Island, Sour Melon
The Kind Castle
Gelato 41, Peach Kush, Sueno
The Spot
Banana Kush, Cherry Hills, Granola Funk, Sueno
The Spot 420
Bananaghani
The Underground Station
Frosted Jack, Galleta, Slap N Tickle, Sueno, The Sauce
Third Day Apothecary
Cherry Diesel, Garlic Breath, Grape Oz
Tumbleweed
Apple Fritter, Banana Kush, Bananaghani, Big Bubba Diesel, Biker Oz, Blood Orange, Cake Pop, Cereal Milk, Cherry Hills, Cookies N Cream, Garlic Breath, Georgia Pie, Gg 4, Granola Funk, Grape Oz, Grenadine, Headband Kush, Ice Cream Cake, Ice Milk, Infinity, Item 9, Koko Puffs, Lava Breath, Lemon Pepper, London Pound Cake, Medellin, Melonz, Milky Weigh, Miracle Alien Cookies, Ooh La La, Orange Zkittlez, Papaya Cake, Peach Crescendo, Pruno, Purple Papaya Punch, Raspberry, Sherb Crasher, Slap N Tickle, Snickerz, Soda, Strawberry Shortcake, Sueno, Sundae Float, Tart Pops, White Runtz
Twin Peaks Dispensary
Item 9, Miracle Alien Cookies, Peach Crescendo, Peach Pie, Slap N Tickle, Sueno, Sundae Float, The Sauce, Unicorn Poop, Yuk Mouth
Unity Rd
Big Bubba Diesel, Cherry Hills, Forza Sans Souci, Frosted Jack, Gary Payton, Gg 4, Melonz, Papaya Cake, Peach Crescendo, Peking Duck, Slap N Tickle, Sour Diesel, Sour Melon, Strawberries N Cream, Sueno, Super Sour Lemon, Tart Pops, Unicorn Poop
Verts Neighborhood Dispensary
Cherry Punch, Durban Kush, Sueno, Triangle Og
Zengold's
Bubba Berry
1136 Yuma
Cherry Punch, Koko Puffs, Lava Breath, Miracle Alien Cookies, Peach Pie, Raspberry, Yuk Mouth
A Cut Above
Biker Oz, Blood Orange, Bubba Berry, Cherry Diesel, Durban Kush, Forza Sans Souci, Gas Tanker, Island, Koko Puffs, Lava Breath, Melonz, Milky Weigh, Orange Zkittlez, Peach Crescendo, Peach Pie, Peking Duck, Pruno, Sage N Sour, Slurricane, Sour Diesel, Sour Rado, Sunset Drive, The Sauce
Backcountry Cannabis Co.
Apple Fritter, Bananas, Cherry Hills, Durban Kush, Fubar, Sour Melon, Yuk Mouth
Berkeley Disensary
Granola Funk, La Kush Cake, Lava Breath, Peach Kush, Strawberry Milk, Tart Pops

January 25, 2021

Premium flower demand drives Colorado wholesale marijuana prices to nearly five-year highs

Wholesale marijuana flower prices in Colorado have climbed to levels previously seen in 2016, fueled by increased demand during the coronavirus pandemic and growing consumer interest in pricier, premium flower brands.

The Colorado Department of Revenue reports that as of Jan. 1 the average wholesale market rate for a pound of marijuana flower was $1,721, a price not seen since July 2016. Since October, wholesale flower prices are up more than 30%.

The price gains could help to explain how sales of medical and recreational marijuana in the state hit $2 billion for 2020 – even before December transactions had been tallied.

The gains are a welcome turnaround for marijuana cultivators, who were confronting wholesale flower prices in the $700-a-pound range only two years ago.

On the flip side, the more than doubling in the wholesale price means marijuana manufacturers and retailers must pay higher prices for product.

As the cannabis market matures in one of the country’s oldest recreational programs, so too have consumer tastes.

Several cannabis cultivation executives say that more-refined customers are keen on paying more for small-batch, premium flower brands such as Snaxland and Cookies.

“People are willing to pay for the higher quality,” said Zachary York, inventory manager for Denver-based vertically integrated cannabis company Lightshade.

When the pandemic began last year, the initial trend was for consumers to stock up on the most affordable product on the market, which is typically budget flower.

As customers cleaned out the bottom shelves, they worked their way up to higher-quality marijuana.

York said once consumers recognized the difference in the quality of products, they weren’t willing to go back.

That in turn has led wholesalers to set their prices higher knowing that consumer preferences had shifted.

Brand power

On top of that, the rise of branded flower has driven up prices on the high end. Certain brands can sell for up to $4,000 a pound wholesale, according to York.

“Brand names are really saying our product is of another quality tier and you’re going to pay more for it,” he added.

Those branded flower companies are using advanced marketing techniques such as product drops to build hype and draw attention.

Tim Cullen, CEO of Denver-based vertically integrated cannabis operator Colorado Harvest Co., said these businesses are helping to drive demand for premium marijuana flower.

The brands are easily recognizable and have avid social-media followings.

When these companies announce on social media that a particular strain of flower will be available at a specific location for a limited time, “it gives you the sense that this is a higher-end product and it’s harder to get,” Cullen said.

The buzz these brands are getting is causing retailers to “step up their marketing game” in order to compete, he added.

The quality of the flower in these product drops warrants the attention.

“The whole market is creating small-batch, artisanal products that are really in limited supply,” Cullen said.

Jon Spadafora, partner and head of marketing for Denver-based Veritas Fine Cannabis, which grows flower for the Cookies brand in Colorado, also said the demand has increased for premium flower.

“We’ve enjoyed a really strong market for a while,” he said.

Spadafora attributes that buying behavior to an evolution in consumer taste.

“Consumers have become more mature in what they want,” he said. “It’s a reflection of a market as it evolves.”

COVID-19 impact

As the pandemic continues to rage, tourism to Colorado has declined. So much of the increase in demand for marijuana product seems to be locally driven.

“People are coming to terms with the idea they’re not going on vacation,” Cullen said.

Consumers spending their disposable income on cannabis rather than restaurants, movie theaters or other entertainment is another explanation for the increase in wholesale prices.

Alex Levine, co-founder and chief development officer of Denver-based vertically integrated cannabis company Green Dragon, said the coronavirus pandemic drove demand and prices up.

He said his overall sales are up more than 30% from last year.

“When you limit consumers’ options and people can’t go to concerts, the movies, you have less things to buy and cannabis is still available. So that shapes consumers’ behavior,” he added.

Brooks Lustig, founder of Denver-based vertically integrated marijuana business Seed & Smith, agreed that the pandemic is driving up demand.

On the wholesale side, the company has seen a more than 3o% increase in order size.

Lustig also attributed the increase in buying to the lessening stigma around cannabis, especially after Colorado declared medical and adult-use dispensaries “essential” last March and allowed them to remain open.

The average ticket size at the retail level has grown a little bit during the pandemic, Lustig said. He’s seeing both new and existing customers trying other product types.

“You’ve got a lot of people at home not going out and doing the things they would do,” he said.

Lustig is also seeing a lot of people buying their maximum limit of flower, an ounce of recreational cannabis or 2 ounces on the medical side.

The company had to limit some of the medical ounce sales during July and August because demand was so strong.

Market implications

Cullen said the upward trend in pricing has saved the state’s businesses.

About 18 months ago, pounds of indoor-grown wholesale flower fell to around $700 a pound.

“We almost lost the whole thing then,” Cullen said.

Businesses were forced to figure out how to dial in their production costs. And as the quality of flower has improved, companies followed with higher prices.

Levine said the larger unknown is what’s going to happen once the pandemic clears up.

“The big question for every operator: Is this a COVID blip?” he asked. “Did it jump more than it should’ve and is it going to go down?”

Bart Schaneman can be reached at barts@mjbizdaily.com

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