Current Data

U.S. Cannabis Spot Index up 3.8% to $1,131 per pound.

The simple average (non-volume weighted) price increased by $63 to $1,279 per pound, with 68% of transactions (one standard deviation) in the $514 to $2,044 per pound range. The average deal size was nominally unchanged at 4.2 pounds. In grams, the Spot price was $2.49, and the simple average price was $2.82.

The relative frequency of trades for indoor flower grew this week, by 2%, while that for greenhouse product decreased by the same proportion. The relative frequency of transactions for outdoor flower was unchanged compared to last week, as was the relative volume of such product. Warehouse-grown flower’s share of the total reported weight moved nationwide increased by over 2% this week, while the relative volume of greenhouse product contracted by the same proportion.

The U.S. Spot Index jumped by 3.8% this week to settle at $1,131 per pound, the highest national composite price documented since July. While 12 of the 17 state markets covered by our reporting were observed to see week-over-week upticks in their Spot Indices, the overall increase in wholesale pricing at the national level was driven primarily by upward-trending rates in California and Colorado. The latter state’s wholesale market appears to be bucking last year’s trends, which saw prices fall to  what were then record lows to close 2017. Washington State was the only major market to see its composite rate decline this week, the continuation of a recent trend that has resulted in the repeated establishment of new historically low prices.

The national volume-weighted prices for flower to be sold in adult-use and medical markets both increased by magnitudes similar to the U.S. Spot Index this week. In the adult-use realm, only Washington State saw a week-over-week drop in wholesale prices. Most medical cannabis markets covered by our reporting was observed to see rising rates, apart from small declines documented in Arizona, Maine, New Mexico, and Vermont.