Colorado Department of Revenue releases Average Market Rates for adult-use marijuana effective July 1, 2019
Prices for bud inscreased for the third consecutive quarter
DENVER, Colo. - June 19, 2019 - The Colorado Department of Revenue (CDOR) today released the Average Market Rates (AMR) for retail (adult-use) marijuana effective July 1, 2019.
The average price per pound of bud again rose moderately from the previous quarterly update, specifically to $850 per pound for bud (from $806 in April 2019). This is the third consecutive quarter where bud rates increased. Trim prices decreased to $325 per pound, a difference of $100 from last quarter. The bud and trim allocated for extraction rates remained the same, while immature plant seeds increased to $8 each (from $4 last quarter) and wet whole plant and seeds increased and decreased by a dollar respectively.
The Average Market Rates (AMRs) are the median market prices 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. The Office of Research and Analysis (ORA), in coordination with CDOR's Taxation Division and Marijuana Enforcement Division (MED), calculates AMRs quarterly for use in levying the excise tax as required by §39-28.8-101(1.5), C.R.S.
The July 1 AMR was calculated based on retail marijuana transactions recorded from February 1, 2019 through April 30, 2019 in MED's marijuana inventory tracking system. AMRs are estimates 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: colorado.gov/tax/marijuana-taxes-file