Wholesale cannabis prices stabilized or rebounded in some key markets through the summer, but cultivators should brace for renewed downward pressure as the fall harvest boosts inventories through the end of the year.
Data collected in 13 states by the LeafLink platform shows that after months of record-breaking lows, wholesale Cannabis flower prices have stabilized in a few key, older markets such as California and Michigan.
Wholesale Cannabis flower prices
Medical and adult-use cannabis is legal in most states listed, except for Oklahoma or Arkansas, which are still medical-only. Missouri and Maryland launched adult-use sales in February and July 2023, respectively.
Maryland reached the highest price in august 2023. The price is $2,510 and the sales increased 41.1% comparing to the last year end. Alaska is $2,406 which one is the 2nd highest of this year. The sales decreased 3.5 which is the only one decreased in top 5. Missouri is $2,019, Arizona is $1,850 and Nevada is $1,735 which took from 3rd place to 5th place.
