Current Data

The U.S. Cannabis Spot Index increased 1.6% to $1,064 per pound.

The simple average (non-volume weighted) price increased $18 to $1,324 per pound, with 68% of transactions (one standard deviation) in the $581 to $2,066 per pound range. The average reported deal size was nominally unchanged at 2.5 pounds. In grams, the Spot price was $2.35 and the simple average price was $2.92.

The relative transaction frequency of indoor product fell 1%, while that of deals for greenhouse product rose 1%. Outdoor transaction frequency was unchanged. 

The relative volume of indoor product fell 2%; that of greenhouse flower was unchanged, as was that of outdoor flower.  


The Oklahoma cannabis license moratorium, announced in May 2022, did not begin this week  on August 1, 2022, as originally planned by the Oklahoma Medical Marijuana Authority (OMMA). Instead, OMMA announced the moratorium on licenses for growers, processors, and dispensaries will begin on August 26, 2022.  

OMMA’s July 30 news release explains: “The language in the bill (HB 3208) states the moratorium begins Aug. 1, but the bill itself did not earn enough votes in the Oklahoma Legislature to take effect until Aug. 26 – the state has a two-thirds vote requirement for bills to take effect sooner than 90 days after adjournment.” The agency is still accepting applications, which can take 90 days to process, effectively giving the agency until November to process new license applications. OMMA will stop taking applications for new grower, processor, and dispensary applications at 12:01 a.m. August 26, 2022.  

Adria Berry, Executive Director of OMMA, issued a statement as part of the news release: “We made a mistake and interpreted the bill as written without taking the vote count into consideration. We’re double-checking every piece of legislation affecting OMMA from the last legislative session to ensure this won’t be repeated. We hold ourselves to a high standard, and we fell short in this instance. We hope the transparency in our message today is evidence that we take seriously the trust Oklahomans place in OMMA.”