• Free shipping on orders over $100 in the Continental US

  • Order by 12/13 to receive in time for Christmas!

Are Pot Prices Dropping??

cannabis economics | weed prices

Marijuana costs are becoming cheaper due to the economic forces of cannabis supply and demand. As the legal cannabis market in the US continues to grow, weed prices are becoming cheaper and cheaper. The Cannabis Harvest Report from Leafly said that cannabis supports 13,042 licensed farms that annually harvest 2,278 metric tons of marijuana – that’s more than 5 million pounds of weed. The wholesale cannabis crop brings in $6.2 billion annually, ranking it the fifth most valuable crop in the United States. The only crops that bring in more money are corn, soybeans, hay and wheat. Cannabis economics are booming.

Colorado, California and Michigan are three example states with a pronounced drop in weed prices. However, the commoditization of cannabis means that companies need to scale their operations, invest in technology and build a strong brand that will differentiate their products from competitors.

Colorado Marijuana Costs and Sales are Dropping

The prices per pound have fallen at least 25 percent in Colorado, since 2020, according to Colorado’s Department of Revenue. However, this could be more than just an end-of-year slowdown. The Colorado Marijuana Enforcement Division has the latest average market rate (AMR) – a set of median prices for different categories of wholesale marijuana and started to see falls beginning in October through December, with the most noticeable difference between the flower categories.

According to the most recent AMR, the price per pound of weed dropped 28 percent, from $1,316 to $948. The price shift extends to marijuana trim while dispensary traffic has continued to slow and fall every month. In the AMR report at the end of 2020, the price per pound of flower was $1,721 – around 45 percent higher than the latest figures. Meanwhile, the price for flower allocated for extraction has dropped 62 percent from $901 at the end of 2020 to be $345 today.

Apparent drops in rates that many consumers may find interesting as the new year comes around. A significant aspect of keeping consumers out of the legal cannabis market is high weed prices for small quantities.

Does California Have Too Much Weed?

Although demand for fresh material could help steady the price initially, the whispers throughout California have suggested that an early harvest price bump may not happen as we move into 2022 because of the state’s inventory hangover from 2020 and this summer’s light-deprivation crops consuming the market. 

Of course, no one wants to suggest that sales are maturing in some states. The cheaper, the better, right?

Not only are these companies facing slow sales, too much inventory and falling prices, but they are also getting taken for a ride by high-energy costs. For example, how much cannabis is grown in California, known only to state regulators and select elected officials? But using available data, you can get some rough estimates for cannabis economics.

According to the most recent public update, published in 2017, the state has a demand for cannabis that is about 2.3 million pounds. This research includes adult use and medical consumption. According to the most recent data, that is consistent with the amount of cannabis on which the state Department of Tax and Fee Administration reported collecting cultivation taxes between July 2020 and July 2021.

Michigan Prices Drop, Unit Sales Still Up

Michigan flower prices are down while overall unit sales are staying up. For example, while medical and adult-use flower prices dropped 24 percent and 44 percent in the last 12 months, overall monthly flower sales have been up 49 percent in the medical market and 223 percent in the adult-use market since January 2021.

According to the latest reporting from the state’s Marijuana Regulatory Agency, the price per ounce of recreational marijuana was $516.21 in December, when the sales first started and dropped to $409.76 in May, the most recent month that MRA reported. Meanwhile, medical cannabis was $267.30 per ounce in December and lowered to $251.50 in May. A significant shift in weed prices.

Wholesale prices of medical cannabis plummeted in Michigan after changing regulations that prevent caregivers from selling into the recreational market forced them to offload large amounts of flower.

Despite the higher prices, the coronavirus pandemic didn’t slow down sales in Michigan. The state’s cannabis industry was labeled as an essential industry – production continued at a consistent flow despite retail sales being diminished by physical distancing and isolation protocols.

Eco-Friendly Storage Solutions

FreshStor offers a cost-effective solution versus any disposable options you would consider for curing cannabis. With marijuana costs dropping, it’s important to make sure you have adequate storage. Check out the ultimate cannabis storage solutions for your cannabis with our CVault and EVault containers straight from the manufacturer.

Leave a Reply

Your email address will not be published. Required fields are marked *

Check out the folks over at @viribotanicals hand trimming nugs to perfection. The extra attention to detail is always appreciated! 
What do you think they are talking about?
.
.
.
.
.
#cannabis #cannabisculture #cannabissociety #cannabiscures #cannabisindustry #cannabislife #cannabisgrowers #w33d #weedsmokers #marijuanagram #marijuanacommunity #whatsinyourcvault #viribotanicals #thecvault #cvault #handtrimmed #trimjail #ottawa
Im sure we have all been here! Amirite!?!?! Shit be slappin!
.
.
.
.
.
#cannabisculture #cannabissociety #cannabiscures #cannabisindustry #cannabislife #cannabisgrowers #w33d #weedsmokers #maine #marijuanagram #marijuanacommunity #whatsinyourcvault #thecvault #cvault #meme #cannabismeme #stonermeme #humor #funnymemes #funny #spongebobmemes
And if your roomie smoked the last nug, there is gonna be trouble!
.
.
.
.
.
#cannabisculture #cannabissociety #cannabiscures #cannabisindustry #cannabislife #cannabisgrowers #w33d #weedsmokers #maine #marijuanagram #marijuanacommunity #whatsinyourcvault #thecvault #cvault #meme #cannabismeme #stonermeme #humor #funnymemes #funny #pugmemes #puglife
Be sure to swing through @vapingbadny for your CVault needs and more, if your in the New York area!
.
.
.
.
.
#cannabis #cannabisculture #cannabissociety #cannabiscures #cannabisindustry #cannabislife #cannabisgrowers #w33d #weedsmokers #marijuanagram #marijuanacommunity #whatsinyourcvault #thecvault #cvault #smokeshop #newyork #headshop
Nothing better than kicking it with a friend, unlatching those clips, taking off the lid, and getting smacked the face with those aromas!
What is the best smelling strain you came across thus far? Let us know in the comments below!
.
.
.
.
.
#cannabis #cannabisculture #cannabissociety #cannabiscures #cannabisindustry #cannabislife #cannabisgrowers #w33d #weedsmokers #maine #marijuanagram #marijuanacommunity #whatsinyourcvault #thecvault #cvault #meme #cannabismeme #stonermeme #humor #funnymemes #funny #spongebobmemes
With legalization will Montana be the next big cannabis boom state? 

Let us know your thoughts in the comments below!
.
.
.
.
.
#cannabis #cannabisculture #cannabissociety #cannabiscures #cannabisindustry #cannabislife #cannabisgrowers #w33d #weedsmokers #maine #marijuanagram #marijuanacommunity #whatsinyourcvault #montana #montanacannabis #thecvault #montanacannabisguild #cvault
There is no way I thought this would work 🤯 
Should we recreate this with CVaults?!
.
.
.
.
.
#gotem #crazy #wild #walkingonwater #jesusshoes #suprise #whatsinyourcvault #cvault #dontbemad
When an OG like @urbanremo wants a picture, you follow his lead on the pose, and take a picture!!!
Really fortunate to have the support of such a legend from day 1. Remo is such a good dude, and his family/team is just as awesome! He shares knowlege and tips freely, and has such a deep understanding of cannabis. If you dont already know, be sure to check him and his amazing products out! @remoproducts 
.
.
.
.
.
#cannabis #cannabisculture #cannabissociety #cannabiscures #cannabisindustry #cannabislife #cannabisgrowers #w33d #weedsmokers #canada #marijuanagram #marijuanacommunity #whatsinyourcvault #tradeshowlife #50L #thecvault #cvault
#liftexpo
HAPPY 2022 CVault Fam!!!
Here's to seeing our industry continue to thrive against all odds! 
Speaking of thriving, check out these beautiful nugs being kept CVault fresh, by the legendary @meowy_jane 
.
.
.
.
.
#cannabis #cannabisculture #cannabissociety #cannabiscures #cannabisindustry #cannabislife #cannabisgrowers #w33d #weedsmokers #maine #marijuanagram #marijuanacommunity #whatsinyourcvault #meowyjane #thecvault #cvault
Feast your eyes on this EVault of Whoa-Si-Whoa Live Resin by our friends over at @dr.jollys.official grown indoors in beautiful Bend, Oregon!
They are an awesome team creating some awesome products! We are honored they utilize our EVaults in their process. EVaults are made of 316 Surgical Grade Stainess Steel. Glass Breaks! EVaults DONT! Keep your valuable product protected!
.
.
.
.
.
#cannabis #cannabisculture #cannabissociety #cannabiscures #cannabisindustry #cannabislife #cannabisgrowers #w33d #weedsmokers #oregon #marijuanagram #marijuanacommunity #oregon #drjollys #whatsinyourcvault #whoasiwhoa #extractstorage #liveresin #liveresinstorage #extractedcannibis
Hope everyone is staying as warm as possible out there! Our friends over at @420bovedacannabis shared this awesome shot of the best storage combo available! CVault x Boveda is a match made in heaven!
.
.
.
.
.
#cannabis #cannabisculture #cannabissociety #cannabiscures #cannabisindustry #cannabislife #cannabisgrowers #w33d #weedsmokers #marijuanagram #marijuanacommunity #whatsinyourcvault #boveda #snow #holidays #thecvault #cvault #cannabisstorage
Lets all take a moment to appreciate these #captaincouch nugs by the folks over at @happydaddyproducts 
Their curing and storing process utilizes CVaults to attain beautiful consistency.
.
.
.
.
.
#cannabis #cannabisculture #cannabissociety #cannabiscures #cannabisindustry #cannabislife #cannabisgrowers #w33d #weedsmokers #marijuanagram #marijuanacommunity #whatsinyourcvault #happydaddy #50L #thecvault #cvault
What a beautiful sight! Nothing like cracking open a CVault full of goodness! Just ask the amazing team over at @bloomcityc 
.
.
.
.
.
#cannabis #cannabisculture #cannabissociety #cannabiscures #cannabisindustry #cannabislife #cannabisgrowers #w33d #weedsmokers #michigan #marijuanagram #marijuanacommunity #whatsinyourcvault #bloomcityclub #thecvault #cvault #dispensary #backofhousestorage
Their caption says it all! 
"20g up front, 45kg in the back"
Love seeing our 316SS EVaults being put to good use @christinalakecannabis 
.
.
.
.
.
#cannabis #cannabisculture #cannabissociety #cannabiscures #cannabisindustry #cannabislife #cannabisgrowers #w33d #weedsmokers #marijuanagram #marijuanacommunity #whatsinyourcvault #thecvault #cvault #thebeesknees #distillate #hightest #ilikegold #lookinggood #liquidgold #sampler #BC #LakeLife #Sungrown #OutdoorGrown
Am I the only one who thinks I would be cool to burn one with Chucky?
Also, only real ones know about Dolly Dearest... 
Anyone watch the Chucky series? Campy but enjoyable!
Enjoy this pic of Mr. Murder Doll himself, living his best life in a CVault!
@berol.mirado 
.
.
.
.
.
#cannabis #cannabisculture #cannabissociety #cannabiscures #cannabisindustry #cannabislife #cannabisgrowers #w33d #weedsmokers #marijuanagram #marijuanacommunity #whatsinyourcvault #thecvault #cvault #childsplay #chucky #charlesleeray #onlyrealonesknowaboutdollydearest
You don’t wanna miss this!!!
All personal sized CVaults are on sale for the holidays!
Use code “HOLIDAY15” at check out for 15% off 
Eligible on xsmall “twist”, small “twist”, medium, large, and 2L!
Check the link in our bio for the sale page!
.
.
.
.
.
#cannabisculture #cannabissociety #cannabiscures #cannabisgrowers #cannabissmokers #cannabislife #w33d #weedsmokers #marijuanagram #marijuanacommunity #whatsinyourcvault #thecvault #cvault #sale #discount #cannabisstorage
Shout out to the homie @dabtips and @key_0h for the vid! 
Friends Don't Let Friends Smoke Dry Weed!
.
.
.
.
.
#cannabis #cannabisculture #cannabissociety #cannabiscures #cannabisindustry #cannabislife #cannabisgrowers #w33d #weedsmokers #marijuanagram #marijuanacommunity #whatsinyourcvault #thecvault #cvault
Subscribe to our Newsletter