Current Data

U.S. Cannabis Spot Index up 1.7% to $1,350 per pound.

The simple average (non-volume weighted) price increased $65 to $1,557 per pound, with 68% of transactions (one standard deviation) in the $822 to $2,292 per pound range. The average reported deal size increased to 2.5 pounds from 2.3 pounds last week. In grams, the Spot price was $2.98 and the simple average price was $3.43.

The relative frequency of trades for outdoor flower decreased by over 3% week-over-week. The relative frequency of transactions involving indoor and greenhouse product increased by about 2% and 1%, respectively. Warehouse flower’s share of the total documented weight moved nationally contracted by almost 2% this week. The relative volume of outdoor product expanded by the same magnitude, while that for greenhouse flower was stable.

The U.S. Spot Index rose by 1.7% this week to settle at $1,350 per pound. Although rates for all three grow types were on the upswing, the potential for a larger increase in the national composite price was tempered by another expansion in the relative volume of outdoor-grown flower. 

As we noted last week, California’s market has seen a surge of sun-grown supply recently as light-deprivation harvests are dried, trimmed, and brought to market. While that trend persisted this week, increases in the relative volume and average deal size for outdoor product in the Golden State were smaller than those documented in prior weeks. 

In contrast, Oregon and Washington State reported transaction stats indicate that wholesale buyers continue to favor indoor flower this summer, with increasing relative volumes of such product helping to push up Spot prices in those markets.

The national volume-weighted price for flower to be sold to general consumers rose slightly this on increases in that sector of the market in Colorado, as well as in Oregon and Alaska. 

Prices for medical flower recovered a bit after last week’s significant decline. Rates for product designated for registered patients were on the rise in California, Arizona, Michigan, Maine, and New Mexico, as well as some smaller markets.