According to the "Leaflink 2020 Wholesale Marijuana Price Guide", the national wholesale flower prices rose by 18% last year, while the price of edible/edible food fell by 11%.
The complete story after the jump.
LeafLink's 2020 wholesale cannabis price guide found that wholesale flower prices nationwide increased by 18%, with an average price of $1,940 per pound, but the price of edible and edible food fell by 11%, the average nationwide price It is $0.08 per milligram.
The report analyzes the cannabis markets in Alaska, California, Colorado, Michigan, Nevada, Oregon, and Washington, which have legalized marijuana for recreational and medical use, and analyzes Arizona, Maryland. And Oklahoma's medical market.
Last year and
It was released on January 21, but the report used the state's 2020 data, during which only medical marijuana was legal.
Nationwide, the price of concentrate increased by 7% year-on-year, and the price before rolling increased by 2%. According to the report, the price of toner cartridges dropped slightly by 1%, making it the "most stable category" in the industry.
LeafLink found that the average price of vape cartridges in the United States last year was approximately US$22.78 per gram, the average price of concentrates was US$17.02 per gram, and the average pre-roll price was US$7.18 per gram.
Alex Feldman, general manager of LeafLink Insights & Marketing Services, said that the guide “enables companies to better execute their 2021 strategic plans through state and country pricing benchmarks.”
In an increasingly competitive industry, price is an important difference between brands. Whether it is used to indicate the high-quality status of the product, or to reflect the status or structural dynamics in the category, it can be said to be the most important driving force for the company's profitability. "-Feldman in a statement
LeafLink handles nearly one-third of all cannabis wholesale business in the United States, with orders totaling $3 billion. The pricing guide analyzed 109,000 SKUs, including flowers, pre-rolled, vape cartridges,
/ ingestibles-Five most popular cannabis products in the U.S.
LeafLink found that in four of the 10 states analyzed, flowers were the most popular product-California, Maryland, Michigan, and Oregon, while ink cartridges were the most popular product in Alaska, Arizona, and Nevada. Edible and edible foods are the most purchased products in Colorado, Oklahoma and Washington.
The cannabis market in Alaska has the highest prices in four of the following five categories: cartridges, concentrates, edible and edible foods and flowers, while Washington state cannabis cartridges, concentrates, edible and edible foods And the lowest price of the pre-roll. According to the report, driven by "high taxes and distribution costs," the price of flowers per pound in Alaska is $3,186, which is 164% higher than the national average.
LeafLink found that the average price of concentrates in the state was US$33 per gram, which was 94% higher than the national average and a year-on-year increase of US$13.
According to the report, the continuing development trend of Washington State is the cheapest state in four of the five categories, which can be attributed to the market structure of Washington State. According to the state, Washington State has "a large number of cultivators, competing with a few retailers for shelf space."
Evergreen State, it saw the first
At the spring auction in October 2016, flower prices dropped by 15% year-on-year.
Oregon has the lowest flower price at $1,096.06 per pound, which is 44% lower than the other 9 states. From 2019 to 2020, its biggest price change is a 21% reduction in edible and edible food, which LeafLink regards as the "lowest competition category."
The report states: “In each product category, Oregon ranks among the two lowest-cost markets for analysis.”
The report found that Nevada launched the market in April 2017, and the most product categories are the national average and median. From 2019 to 2020, ink cartridge prices have risen by 25%, and pre-roll prices have risen by 13%.
The most immature adult-use market included in the report, Michigan, only started selling in 2019, and last year's ink cartridge price was the second highest, at $32 per gram. As the state transitioned from a medical-only market to an adult-use market, the price of the product also increased by 44%.
It’s worth noting that the state’s ink cartridge industry has suffered
Due to the increase in fog-related lung diseases, it started in November 2019. Next month, the regulator
After they tested positive for vitamin E acetate, the compound health officials believed it was the cause of the disease.
Colorado and Washington are the most mature markets in the United States, with flower prices per pound rising 22% year-on-year to US$1,495.18. LeafLink found that although food and edible food are the most popular categories in the state, it is also the least competitive, with "the smallest number of SKUs available throughout the year."
According to the report, the price of concentrate in Colorado also increased by 7% year-on-year to US$15 per gram.
California launched the largest adult cannabis market in the United States (by population) in 2017. From 2019 to 2020, flower prices have fallen by 8%, which has narrowed the gap in flower prices in the more mature Colorado and Oregon markets. And pushed up the wholesale price-$2,031.98 per pound.
The report also pointed out that the seasonal price drop that the state typically experiences from September to December "is more modest...maybe due to disruptions in wildfire supply."
The report states: "From September 2019 to December 2019, flower prices fell by 15%, but by the same period in 2020, they only fell by 10%."
Oklahoma may be America's greatest state
According to a survey, about 10% of the state's population (360,000 residents) participated in the program.
analysis. These figures make the medical marijuana market in Suna State the largest per capita marijuana market in the country.
According to Politico, Oklahoma is a red state won by former President Donald Trump in 2016 and 2020. It has more than 9,000 licensed cannabis companies, including nearly 2,000 dispensaries and recent 6000 planting companies. In contrast, Colorado (which legalized adult marijuana in 2012 and has a population nearly 50% larger than Oklahoma) has almost half the number of licensed dispensaries, while its cultivation business is less than 20%.
By 2020, prices in all five categories in Oklahoma have fallen by 5% or more because the number of sellers has increased three to five times.
The report states: “The price of flowers is the most low-key. In 2020, compared with 2019, the number of retailers offering products in this category has increased by 21 times, while the seller’s price has increased by 6 times,” the report noted.
Prior to the recreational reforms, the price of flowers in Arizona rose by 32% year-on-year, which was the largest increase in the analyzed state, bringing the price per pound to $2,212. Despite the soaring prices, among medical states alone, flower prices are still the cheapest. Only Washington, Colorado, and Oregon have lower flower prices. The report found that, interestingly, among the states reviewed by LeafLink, Arizona had the highest pre-roll prices, while ink cartridges and concentrate prices were in the middle of the package.
Maryland legalized medical marijuana in 2014. From 2019 to 2020, the price of flowers per gram has increased by 16%, and the price of flowers per gram for patients in the state has risen to US$40, and its wholesale flower prices are US$3,181 per pound. , Only 5 dollars lower than the price in Alaska. The highest cost.
The report said: "This is due to the limited number of farming machines, processors and brands in Maryland." "The recently obtained planting and processing license (October 2020) should bring more supply online and put downward pressure on prices. ."
The report concluded that, overall, nationwide prices have “increased (year-on-year) or remained relatively stable, except for edible and edible products, which are falling in all states.” Although flower prices increased significantly year-on-year, these prices were mainly driven by Arizona (32%) and Colorado (22%).
Get daily news insights in your inbox.
TG joined Ganjapreneur as a news writer in 2014 and started hosting the Ganjapreneur podcast in 2016. He lives in upstate New York and also teaches media studies at a local university.
A beginner's guide to Ganjapreneur cannabis.
Find and contact
Do you provide services for cannabis startups?
Important cannabis industry news
Insights are posted daily.
// all rights reserved. //
Ganjapreneur.com aims to provide educational resources for law-abiding professionals and those who are curious about entrepreneurial and/or investment opportunities in emerging markets. We do not provide investment advice. We encourage all visitors and readers to do their best before investing in any company or market we are involved in. Please note that possession, use, distribution, and sale of marijuana are all federal crimes in the United States of America, and the articles, pages, links, and other types of information on this website are not designed to help you violate federal laws. Ganjapreneur.com and all its affiliated entities and individuals are not responsible for the third-party content and/or links posted on this website.
Websites and brands of Ganjapreneur internal agents:
Brand promotion in the cannabis industry