Colorado Cannabis Prices Hit Record Low

OG Article By Thomas Mitchell

September 24 2025

Overview

Colorado's cannabis wholesale prices dropped to a record low in 2025, despite fewer growers, per the Department of Revenue.

Price Decline

• Wholesale cannabis flower price fell to $649 per pound.

• Ties 2023 low, down from $1,700 in 2021.

• 2024 saw a brief rise to $750, but prices dropped again.

Market Trends

• Licensed cannabis cultivators dropped 25% from 2023 to 2025.

• Recreational dispensary numbers remained flat.

• Fewer growers failed to raise prices.

Sales Drop

• Dispensary sales fell from $2.2 billion in 2021 to $1.4 billion in 2024.

• Represents a 36% decline, a seven-year low.

Business Impact

• Major brands like A Cut Above, L’Eagle, and Verde closed or left.

• Chains like Lightshade and Good Chemistry sold locations due to low sales.