Colorado Marijuana Prices Fall for Fourth Quarter, Trim Sees Sharpest Drop

(Photo credit: Martin B. Cherry / Nashville Banner).

The Department of Revenue announced the updated Average Market Rates (AMRs), which are used to calculate the state’s 15% excise tax on transfers from cultivators to retailers and manufacturers. From October 1 through December 31, retail bud is set at $649 per pound, retail trim at $204 per pound, bud allocated for extraction at $354 per pound, and trim for extraction at $75 per pound. The AMRs also list immature plants at $14 each, wet whole plants at $71 per pound, and seeds at $9 apiece.

Compared to the prior quarter, bud prices dipped only slightly from $651, while trim dropped steeply from $302. Bud for extraction climbed to $354 from $329, and trim for extraction rose to $75 from $65. Wet whole plants saw the biggest swing, falling from $150 to $71. Immature plants declined from $15 to $14, while seeds remained stable at $9.

Colorado adjusts AMRs every three months using sales data from the state’s tracking system. When marijuana is sold or moved between a cultivation facility and an affiliated store or product manufacturer, the AMR sets the taxable value, ensuring the state captures revenue even if the transaction price is lower.

These new rates, in effect through December, will guide Colorado’s wholesale marijuana tax collections to close out the year.