Prices Up for Wholesale Flower in Both Newer and Mature Medical Cannabis Programs but Leveling Off

Across the United States, medical marijuana business owners are reporting firm prices for wholesale flower, although actual price levels vary widely and largely depend on a market’s maturity.

New programs such as Pennsylvania and Ohio are seeing top-of-the-market dollar figures for flower, bolstered by a growing number of new patients entering the markets.

By contrast, older programs have seen MMJ prices level off along with demand for product.

Marijuana Business Daily surveyed several growers, analysts and business owners in Arizona, Pennsylvania, Colorado, Massachusetts, Illinois and Oklahoma to determine:

• What they’re getting for their wholesale pounds of cannabis.
• How supply and demand are playing out in their state.

Below are excerpts from the interviews.

Sara Gullickson, CEO of cannabis consultancy CannaBoss Advisers, Phoenix

Gullickson holds MMJ licenses in four states. The medical cannabis prices she’s seeing per pound of flower wholesale are:

•  Arizona: $2,400 for top shelf
• Michigan: $1,500-$1,600
• Ohio: $3,000-$3,200
• Pennsylvania: $6,400-$7,000

For Pennsylvania, Gullickson said she spoke with several people who confirmed that “astronomical” amount. The state has limited licenses and strong demand among patients.

She views the wholesale MMJ market as increasing in price as you travel from the western side of the country to the eastern side, with  the newer markets more expensive.

Regulations and the number of licenses also influence that price. The fewer the businesses, the lower the supply and higher the rates for flower.

“Demand has gone up,” Gullickson said. “It’s not a bad time for marijuana.”

To read more, click here by Bart Schaneman.

Source: Marijuana Business Daily