The U.S. Cannabis Spot Index rose 3.4% to $1,077 per pound.
In grams, the Spot price was $2.37.
The U.S. Spot Index rose 3.4% to close out the year at $1,077 per pound.
Indoor and greenhouse cultivated flower saw minor increases this week as outdoor grown flower prices saw a slight decline.
At the state level, Alaska, Arizona, California and Massachusetts all saw their state composite price assessments rise over 7% in the final week of the year.
We are preparing to increase our coverage in 2024 and can’t wait to deliver new state wholesale price assessments, expanded trim price coverage, a look into bulk vs prepackaged pricing, and additional product type wholesale pricing.
All of us at Cannabis Benchmarks would like to wish you a prosperous and fulfilling new year. We look forward to providing you with a deeper look into state market wholesale cannabis pricing in 2024.
January 2024 Implied Forward assessed up $15 to close at $1,060 per pound.
At $1,060 per pound, the January 2024 Implied Forward represents a discount of 1.6% relative to the current U.S. Spot Price of $1,077 per pound.
State AG’s Opinion Forecloses Possibility of Interstate Trade
New Market Rates for Wholesale Taxation Published
October Sales Slip as Wholesale Price Seems Set to Slide
New Retailers Open after Lifting of Injunction, but State Faces Another Lawsuit Over Licensing