Marijuana pot cannabis

Merchandise at a Denver cannabis shop.

The Colorado Department of Revenue on Monday announced that the average market rates for marijuana have increased in six of seven categories, with the price of buds rising by nearly one-third since October.

The Taxation Division and the Marijuana Enforcement Division calculated the average price for purposes of levying the state’s excise tax. The figures are quarterly, and a new calculation will take place for the quarter beginning April 1.

A tax of 15% is applied to the average market rate of retail marijuana.

Since the last calculation, marijuana seeds stayed constant at $5 each. Buds, trims, immature plans, whole plants, and buds and trims allocated for extraction all increased. The state noted that this is the fifth consecutive quarter in which bud rates have risen.

Each category represents unprocessed retail marijuana transferred from cultivation facilities to stores. While the current price per pound for buds, $1,316, is the highest average calculated since Jan. 2017, the highest recorded average was $2,007 per pound, in effect on Jan. 1, 2015.

Retail stores that sell items other than marijuana, such as T-shirts, only charge the retail sales tax on those purchases.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.