CANADA CANNABIS SPOT INDEX (CCSI)
The CCSI moved higher by 4.5% to C$6.99 per gram this week, from last week’s C$6.69 per gram. This week’s price equates to US$2,361 per pound at current exchange rates.
Last week Health Canada released their preliminary summary of February sales and inventory data from the Cannabis Tracking System. In our analysis below, we focus on the growing inventory of finished and unfinished product. February data shows finished inventory growing by 18% from January levels to 23,739 kg, while unfinished inventory grew by 4% month-over-month, to 120,731 kg.
As can be seen with each report release, there are small changes made to the previous month’s inventory figures. Total inventory with the latest release sits at 144,470 kg, which equates to approximately 20.6 month of Canada’s dry cannabis usage at current sales rates.
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Cannabis Benchmarks®, a division of New Leaf Data Services, LLC
26 April 2019 Copyright © 2019 New Leaf Data Services, LLC. All rights reserved