The Average Price Of “Budget” Indoor Cannabis Per Eighth Ounce By State

San Diego, CA $10

Portland, Oregon $10

Tampa, FL $13

B.C. Canada $14

Denver, CO $15

Tucson, AZ $15

San Francisco, CA $18

Cape Cod, MA $20

Detroit, MI $20

Kansas City, MO $20

Oklahoma City, OK $20

Phoenix, AZ $20

Albuquerque, NM $22

Boston, MA $25

For high-end indoor flowers, prices typically range from $30 to $50 per eighth, with very few people still paying the standard $60 per eighth that was common 20 years ago.

Why Are So Many Cannabis Properties For Sale?

Driving through cannabis-friendly states, you might notice a growing number of dispensary and cultivation properties hitting the market. The cannabis industry, which once seemed like a gold rush, is now experiencing significant consolidation and financial strain.

Wholesale Prices Have Collapsed

The wholesale cannabis market has crashed in many places. In Canada, wholesale pounds are moving at just $350 CAD, a stark contrast to the $3,000–$3,500 per pound price seen in the early 2000s. The situation is similar in Northern California, where once-thriving grow towns are struggling to survive.

This dramatic price drop has left many cultivators unable to cover costs, forcing them to shut down or sell their facilities. It’s reminiscent of what happened to microbreweries—initial boom, oversaturation, price collapse, and then industry consolidation.

The Shift Toward Large-Scale Commercial Grows

To remain profitable, most growers now need at least 50,000 square feet of personal grow space. Small-scale cultivators who once thrived on boutique craft strains are struggling to survive. If cannabis production followed the same path as agriculture, it could eventually be grown in fields like corn, priced at $18 a bushel—but meeting indoor quality standards on that scale is not possible.

Beyond falling prices, cannabis businesses face hurdles in securing banking and insurance. Many landlords are selling their properties now to avoid the risks associated with cannabis tenants, especially since leases can make it difficult to secure traditional financial services.

The cannabis industry is in a merger and consolidation phase, where only the biggest players will survive. Small-scale operations are being squeezed out, but there’s hope that the market will eventually rebound—just like craft beer did after the microbrew crash. 

As cannabis landlords and investors divest, the question remains: Who will be left holding the proverbial "dime bag"?