Current Data

U.S. Cannabis Spot Index up 1.3% to $1,337 per pound.

The simple average (non-volume weighted) price increased $18 to $1,494 per pound, with 68% of transactions (one standard deviation) in the $781 to $2,207 per pound range. The average reported deal size was nominally unchanged at 2.0 pounds. In grams, the Spot price was $2.95 and the simple average price was $3.29.

The relative frequency of trades for greenhouse flower decreased by 2% week-over-week. The relative frequency of transactions involving outdoor product increased by the same proportion, while that for deals for indoor flower was unchanged. Greenhouse flower’s share of the total documented weight moved nationally contracted by 5% this week. The relative volumes of warehouse and outdoor product expanded by 2% and 3%, respectively.

The U.S. Spot Index rose by 1.3% this week to settle at $1,337 per pound. The generally upward trend observed in wholesale cannabis prices this summer resumed after last week’s momentary downturn. Still, there are signs that downward pressure on rates could be arriving in major markets in the weeks to come. Relative volumes of outdoor flower in both California and Oregon saw significant expansions this week. Volume-weighted prices for such product continued to trend downward in California and have recently flattened in Oregon, after rates for outdoor flower in the Beaver State have been on the upswing since around the close of the first quarter.  

The national volume-weighted price for flower to be sold to general consumers increased this week on rises in that sector of the market in California and Colorado, as well as in Oregon, Washington State, and Alaska. Prices for medical flower were also on the upswing this week. Rates for product designated for registered patients saw upticks in California, Arizona, Illinois, New Mexico, Maine, Rhode Island, and Washington, D.C.