Current Market Prices for Michigan Cannabis: Indoor Flower - $500 (20%+ THC) Fresh Ourdoor - $350 (30.5% THC) 2023 Outdoor Flower - $175 Outdoor Untested Trim - $50 Outdoor Tested Trim - $75 Indoor Tested Trim - $140 (22%+ THC) 2024 FF Bio - $40 THCa - $3.75 Prepacks - $12.50 Rosin - $7 Fresh Frozen - $25 Gram’d up Resin - $5 Gram’d up Rosin - $14 510 Carts - $3.65 Disposables - $6 Gummies - $2 Infused Pre Rolls - $2.50 & $4.50 28 pack premium Pre Rolls - $28 What stands out to you here? Do you think the nationwide averages by SKU will be close to this in two years? Four? Ten?
Infused pre rolls stand out to me. 2023 flower at $175 makes it .38/g, or .35/.9g pre roll + .1g of cured resin at $3.5/g bulk is another .35. Cones + packaging another .15? Before labor looking at ~$0.85-.90 + testing costs and updates the tag/batch from harvest date to production date.
Let me know if anyone needs anything from here 😅
“Premium” and “prerolls” don’t belong in the same sentence
What if you Bifurcated the pricing? Std v. Premium? Do you think this pricing would be the same?
Are the % numbers reversed for indoor and “fresh ourdoor”?
$6 disposables is pretty wild to me, in WA state the stores do a 3-4x markup on the wholesale price we sell for so we are selling dispos for like $10-$14 each and then customers are paying $35-$50 for a unit
For flower that seems about right imo. Look to the hemp market for a glimpse into the future of pricing.
People are selling fresh outdoor for $100, I doubt $350 is average
Chairman @ GreenHeart Holdings | M&A, Advisory, Investment
2moNo, Mi blew the pooch with unlimited grow licenses. Other states learned this lesson from CA, CO and opted for the limited grow license structures.