Bringing transparency and efficiency to cultivators, dispensaries, investors, traders, and other cannabis market participants through validated production cost data and standardized benchmark price assessments.
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Annual review & Outlook2016-2017 EditionOver 65 pages of detailed commentary and analysis including:
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April 30, 2017: This week marks two years since the first wholesale cannabis price assessments were calculated and published by Cannabis Benchmarks®. As illustrated below, we identified, analyzed and reported on significant changes in wholesale market dynamics over the past 104 weeks.
In 2015, the U.S. Spot Index reached a peak of $2,133 in September, before prices declined precipitously with the fall harvest. The average price during the fourth quarter of 2015 was $1,852 per pound. One year later, increased supplies from new and expanded capacity, as well as improved cultivation techniques and better supply chain management, drove prices down $365 per pound, or 19.7%, to $1,487 per pound during the fourth quarter of 2016.
During 2016, the U.S. Spot Index peaked at $2,096 in May, reached a low of $1,386 in November, and averaged $1,789 for the year. In the first quarter of 2017, changing supply-demand fundamentals continued to drive prices lower. Prices averaged $1,613 during Q1, declining $340 per pound, or 17.4%, from the $1,953 per pound average witnessed during the first quarter of 2016.
We are dedicated to providing a valuable service that participants from across the cannabis industry can rely on to make educated, informed decisions. We thank you for your support.
Sincerely,
The Cannabis Benchmarks Team
During 2016, the U.S. Spot Index peaked at $2,096 in May, reached a low of $1,386 in November, and averaged $1,789 for the year. In the first quarter of 2017, changing supply-demand fundamentals continued to drive prices lower. Prices averaged $1,613 during Q1, declining $340 per pound, or 17.4%, from the $1,953 per pound average witnessed during the first quarter of 2016.
We are dedicated to providing a valuable service that participants from across the cannabis industry can rely on to make educated, informed decisions. We thank you for your support.
Sincerely,
The Cannabis Benchmarks Team
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What is the wholesale price of cannabis today and into the future?
We answer this question. We have developed Spot and Implied Forward Price assessments of standardized cannabis products to create market transparency for trading & hedging, risk reporting and settlement. With our Spot Index, market participants can understand the value of product today. With our Implied Forward Prices, participants have an informed view of the future value of product. |
How much does it cost to produce one pound of cannabis? Is a cultivator optimizing financial and operational performance?
Even if all factors look positive, a transparent peer group comparison can reveal hidden opportunities for cost reduction and enhanced performance. We have established a proprietary benchmarking methodology to reveal the information needed to make sound decisions regarding capital investment and operational improvement. |
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