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Cannabis Benchmarks Annual Chart Book: 2019 U.S. Recap

$79.00

Category: Special Reports
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Description

The Definitive Source for Wholesale Cannabis Prices

  • 2019 U.S. Wholesale Cannabis Market Overview & Analysis
  • 2019 State Wholesale Market Monthly Average Prices & Analysis:
    • California
    • Colorado
    • Oregon
    • Washington
    • Nevada
    • Michigan
    • Arizona

Report Highlights:

  • In 2019, the U.S. Spot Index fell to its annual low in the spring and peaked in November, essentially the opposite of trends observed in each of the past three years.
  • 2019 was the first year in the history of Cannabis Benchmarks price reporting that the U.S. Spot Index concluded the year up from where it started.
  • Strong demand generally outpaced supply growth in most major legal markets, pushing up wholesale flower prices for much of 2019. Issues with product quality and reduced or still-developing production capacity in some markets also contributed to elevated wholesale rates.
  • In each of the five largest legal U.S. markets – California, Colorado, Oregon, Washington, and Nevada – retail revenue grew by at least 10% year-over-year in 2019; some saw sales growth in excess of 20%.
  • Oregon’s market experienced a novel phenomenon in which wholesale flower prices rose for much of the year, even as hundreds of thousands of pounds of plant material sat unsold.
  • Increased demand for extracts and other infused products consumed plant material that might otherwise have been sold as flower in previous years. In Arizona’s medical market, for example, sales volume of extracts and concentrates increased by about 80% from 2018 to 2019, compared to an expansion of 35% in flower sales volume.

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