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Premium flower demand drives Colorado wholesale marijuana prices to nearly five-year highs Published January 25, 2021 | By Bart Schaneman
Wholesale marijuana flower prices in Colorado have climbed to levels previously seen in 2016, fueled by increased demand during the coronavirus pandemic and growing consumer interest in pricier, premium flower brands.
The Colorado Department of Revenue reports that as of Jan. 1 the average wholesale market rate for a pound of marijuana flower was $1,721, a price not seen since July 2016.
Since October, wholesale flower prices are up more than 30%.
The price gains could help to explain how sales of medical and recreational marijuana in the state hit $2 billion for 2020 – even