Marijuana Prices Falling

Both Colorado and Washington’s recreational markets have shown significant price drops since the opening of the country’s first legal pot-stores.

As expected, more retail stores spike competition in the market and force store owners to scale pricing.

Colorado, price averages:

• Recreational flower prices per gram: $13.50 - $16 (prices peaked during 4/20)

• Concentrate prices per gram: $45-$55

• Edible price: $20 each

“The Colorado market is extremely competitive,” Frank Falconer, of the Denver Consulting Group, told the International Business Times. “Price wars happen from time to time.” Falconer predicts that prices will continue to go down, at least for some time.

Washington, price averages:

• Recreational flower prices per gram: peaked at $19, dropped to $16 around 4/20

• Concentrate prices per gram: $60

• Edible price: $34 each

The state’s Liquor Control Board (LCB) expects prices to go down in the coming months as more licensed stores begin to open.