Colorado Department of Revenue released Average Market Rates for retail marijuana effective July 1, 2020
DENVER, Colo. - June 22, 2020 - The Colorado Department of Revenue (CDOR) today released the Average Market Rates (AMR) for retail marijuana effective July, 1 2020 until September 30, 2020.
Five of the seven AMR categories decreased this quarter, specifically bud ($1,000), trim ($300), bud allocated for extraction ($599), trim allocated for extraction ($202) and seed ($4). The immature plant rate ($9) and whole, wet plant rate ($176) stayed the same.
The AMR is the median market price of each category of unprocessed retail marijuana that is sold or transferred from retail marijuana cultivation facilities to retail marijuana product manufacturing facilities or retail marijuana stores. CDOR’s Office of Research and Analysis, in coordination with the Taxation Division and the Marijuana Enforcement Division (MED), calculates AMRs quarterly for use in levying the excise tax as required by Colorado statute.
The July 1 AMR was calculated based on retail marijuana transactions from March 1, 2020 through May 31, 2020 in MED’s marijuana inventory tracking system. AMR is an estimate of the typical prices of each category of unprocessed retail marijuana that is sold or transferred from marijuana grows to product manufacturers or stores.
Visit the Taxation Division’s website for more information, including the methodology of the AMR calculations and current and prior AMRs: https://www.colorado.gov/pacific/tax/marijuana-AMR.