Colorado marijuana farmers are constantly shutting down, but spending prices keep falling.
According to the Colorado Department of Taxation, the average market rate (AMR) of wholesale marijuana flowers fell to $649 per pound and kept their history at a minimum.
Although the number of licensed farmer decreased by 25% from September 2023 to September 2025, according to WestWord.
The average price of harvested flowers has steadily declined since 2021, when the price exceeded $1,700 per pound.
In addition to flowers, the average price per product category includes:
- Decoration: $204 per pound.
- Distribute extracted buds: $354 per pound.
- Distributed extracted decorations: $75 per pound.
- Immature Plants: $14 per plant.
- Wet whole plants: $71 per pound.
- Seeds: $9 per seed.
Officials used METRC data to calculate rates from June 1 to August 31, and then determined the state’s excise tax on retail marijuana.
According to the Inland Revenue Department, according to AMR, “cannabis is taxed at 15% when it is sold or moved between a farming facility and an affiliated retail cannabis shop or manufacturing plant.”
Colorado’s marijuana price surged briefly in 2024, when the AMR of a pound of marijuana reached $750.
The decline in total oversupply prices is one of the reasons for the sharp decline in licensed farmer.
Meanwhile, cannabis sales have been steadily declining, from $2.2 billion in 2021 to over $1.4 billion in 2024, down 36%, the lowest figure in seven years.
WestWord reports that amid the downturn, several well-known cannabis brands have withdrawn from Colorado or closed in 2025.
Notable closes include the cut above, original ownership of L’Eagle, Verde, Dablogic, Maggies Farm and Terrapin Care Station.
Major pharmacy chains such as lampshades and good chemistry have closed or sold locations amid a decline in sales.
