Arizona’s Medical Marijuana Prices Decrease Annually

BDS Analytics’ Cannabis Price Index tracks the retail sales pricing of cannabis products across legalized markets in Arizona, California, Colorado, and Oregon – states which produced over 50% of the legalized sales in the United States in 2018. Underlying BDS Analytics’ CPI is their GreenEdge Retail Sales Tracking Platform which has tracked over a billion dispensary transactions.

“In 2018 (YTD through June ‘18) Arizona’s Flower market has reached over $148M, which is about $18M bigger than Oregon’s Flower market for the same period,” GreenEdge reported. “Edibles in Arizona reached nearly $19M in sales in Q2 2018, a 69% increase from Q2 2017.”

In October 2018, legal marijuana sales at dispensaries across Arizona, California, Colorado, Oregon, and Washington surpassed a combined $538 million, a 34.5% increase from January 2018, according to GreenEdge. Year-to-date through October, those states’ combined sales were $5.15 billion.

Medical marijuana prices in Arizona have continually decreased since dispensaries opened.

“During 2017, flower captured 52 percent of Arizona sales, and pre-rolled joints added another five percent — 57 percent of sales,” GreenEdge found. “With an average pre-tax retail price of $9.89, prices are significantly higher than in Colorado, where the average price is below $5. But they are in line with California prices.”

In 2018, pre-rolled joints of a gram of flower can be found for as little as $5, which represents 50% decrease in price at certain Arizona dispensaries.