By BDS Analytics

Marijuana Prices in Denver and Colorado: Fall 2016 Update
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We have a recent survey, click here for the Summer 2016 Marijuana Pricing Update

Every quarter, we collect data from multiple dispensaries across Colorado to bring you the most up to date information on retail marijuana prices. We provide this information to consumers to make sure everyone has access to pricing information in a convenient and easily digestible manner.

With one day left until the 2016 winter equinox, we have done our due diligence to provide you with an accurate and reliable fall pricing update in Colorado. The good news keeps on rolling, because yet again (and as we predicted earlier this year) retail cannabis prices have continued to decrease. This is beneficial to both tourists and locals alike, as price drops mean more accessible and affordable cannabis for everyone!

To bring you this data, we’ve teamed up once again with our friends at BDS Analytics. BDS Analytics aggregates point of sale data from Colorado dispensaries and produces monthly reporting detailing sales of all products selling through such businesses. The information cited leverages BDS data to provide a snapshot of flower pricing trends. Helping cannabis enthusiasts understand pricing trends creates more awareness in the cannabis community and an understanding of the current market.

Be sure to take note, because here comes the data!

    As stated above, we’ve witnessed retail cannabis flower prices steadily decline during the past fall and summer seasons. Year-to-date through October, the average retail price for a gram of flower was 7% lower than compared to the same period in 2015. While wholesale prices have been significantly low, the retail price point has been a bit slower to follow the same downward trend. However, prices have been decreasing in an accelerated fashion since mid-summer.

Colorado - Bud/Flower Pricing vs Sales Volume

    A review of point of sales data from a sampling of BDS Analytics’ dispensary partners across Colorado found an average pre-tax pricing of flower sales at recreational locations that ranged from $4.70 to $13.19 a gram (year-to-date through October). The average price across January through October was $7.77. Note that the average gram of flower sold in January of 2016 was $8.89, but by October 2016, that price had declined 23% to $6.86 per gram. The decline in pricing wasn’t all bad news for dispensaries as the volume of sales increased 29% year-to-date resulting in a net gain of revenue from the sale of flower.

Flower Prices (per Gram) by Sampling of Retailers

    As one might imagine, not all strains are created equal and as it relates to sales performance and pricing, top selling strains command a premium nearly 10% higher than the rest. In October, the average price per gram for the top 10 selling strains was $7.74.

Pricing Averages for All Flower vs Top Sellers

    Along with significant increases in cultivation, we’ve also seen experimentation with new strains and hybrids. BDS Analytics identified an incredible 1,900 uniquely named strains selling at Colorado dispensaries in 2016. Out of that group, the top sellers included staples that have been top performers for quite some time now. Despite their ability to command slightly higher prices, top selling strains are still subject to similar price trends as the rest of the market.

Colorado - Avg. Price per Gram for Top Ten Selling Strains

Average Flower Price per Gram

January February March April May June July August September October
Store 1 $7.95 $7.87 $7.59 $7.80 $7.20 $5.07 $4.84 $4.70 $4.72 $4.74
Store 2 $6.37 $6.36 $6.35 $6.31 $6.31 $6.15 $6.31 $6.26 $6.31 $6.33
Store 3 $8.64 $8.57 $6.93 $6.72 $6.45 $6.45 $5.01 $5.41 $6.04 $5.80
Store 4 $7.14 $7.01 $6.89 $6.48 $7.04 $6.75 $6.44 $6.25 $6.17 $6.41
Store 5 $7.84 $7.65 $7.66 $7.31 $7.79 $7.52 $7.10 $6.86 $7.06 $7.62
Store 6 $9.59 $9.80 $10.06 $8.97 $9.92 $9.61 $7.44 $6.29 $5.92 $5.23
Store 7 $7.81 $7.78 $7.78 $7.68 $7.81 $7.64 $7.19 $7.06 $7.41 $7.76
Store 8 $11.71 $9.51 $8.70 $8.14 $7.55 $7.15 $6.57 $7.14 $7.49 $7.39
Store 9 $8.04 $8.05 $8.06 $7.96 $7.99 $7.86 $7.78 $7.81 $7.89 $7.88
Store 10 $8.00 $7.97 $7.93 $7.81 $7.99 $7.96 $7.93 $7.98 $7.96 $7.97
Store 11 $11.46 $9.48 $8.53 $8.17 $7.76 $7.67 $7.45 $7.46 $7.89 $8.28
Store 12 $11.93 $9.78 $8.59 $7.93 $7.62 $7.44 $7.86 $7.99 $8.07 $8.39
Store 13 $9.31 $9.25 $9.16 $8.14 $8.59 $8.58 $8.74 $7.96 $7.58 $7.39
Store 14 $12.65 $12.53 $11.19 $9.21 $9.15 $8.94 $8.35 $7.69 $7.46 $7.87
Store 15 $10.69 $10.78 $11.12 $9.39 $10.63 $11.23 $10.53 $9.03 $7.40 $6.74
Store 16 $9.98 $11.52 $10.13 $7.93 $9.23 $11.70 $9.20 $9.18 $9.30 $9.82
Store 17 $9.61 $9.87 $9.63 $8.32 $10.18 $10.00 $9.58 $10.07 $9.66 $9.86
Store 18 $10.37 $9.54 $9.65 $9.98 $10.16 $9.67 $9.65 $8.99 $9.38 $9.64
Store 19 $10.20 $12.23 $12.21 $8.44 $9.73 $10.95 $9.38 $9.01 $8.08 $7.45
Store 20 $6.37 $10.79 $10.94 $11.16 $10.29 $9.97 $10.48 $10.91 $10.64 $11.35
Store 21 $11.20 $11.17 $11.32 $11.03 $11.14 $11.34 $11.26 $11.21 $11.02 $11.15
Store 22 $12.35 $12.13 $12.05 $11.91 $11.79 $11.35 $10.80 $11.03 $11.01 $11.04
Store 23 $11.55 $11.60 $11.73 $11.41 $11.29 $11.38 $11.43 $11.47 $11.31 $11.60
Store 24 $11.99 $12.63 $11.55 $12.35 $11.91 $12.56 $12.61 $12.86 $12.65 $11.72
Store 25 $12.63 $13.02 $12.20 $12.73 $12.89 $13.19 $13.19 $11.50 $11.13 $12.19

For more information on specific strains, brands, or any other product category sold in dispensaries please contact BDS Analytics, greg@bdsanalytics.com.




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