Cannabis Wholesale Prices Rise After Recovering From 2016 Bust

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Cannabis Wholesale Prices Rise After Recovering From 2016 Bust

Flickr / Cannabis Pictures / (CC BY 2.0)

Cannabis wholesale prices are slowly climbing higher after a precipitous fall over the past year. Cannabis Benchmarks has been tracking the prices of wholesale cannabis since 2015 and have seen the price per pound drop from an average of $1,953 to a low average of $1,487 in 2016.

So far in 2017, the first quarter average has risen to $1,613. Jonathan Rubin of Cannabis Benchmarks has seen an evolving pattern in the price of wholesale marijuana which is behaving like a typical commodity.

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