Current Data

U.S. Cannabis Spot Index up nominally 0.2% at $1,159 per pound.

The simple average (non-volume weighted) price increased by $3 to $1,256 per pound, with 68% of transactions (one standard deviation) in the $458 to $2,054 per pound range. The average reported deal size declined to 3.3 pounds this week from 3.4 pounds last week. In grams, the Spot price was $2.56, and the simple average price was $2.77.

National Transaction Stats were very stable week-over-week to begin February. Indeed, they were virtually unchanged from the week prior. Stability in the metrics illustrated in the chart below likely stems in large part from the general abundance of wholesale flower available in the major markets, along with the maturation of adult-use systems in some of those states. With plentiful inventory and greater understanding of sales trends, buyers do not feel compelled to snap up new harvests as soon as they come down and are less likely to be caught off guard by surges in demand.

The U.S. Spot Index held fairly steady this week, inching upward by $2 to settle at $1,159 per pound. Elevated rates for indoor-grown flower in California helped lift the national volume-weighted price for such product, which buoyed the U.S. composite rate against declines in prices for sun-grown flower. From a state-level perspective, positive trends in wholesale prices in Colorado, the country’s second-largest legal market, have been providing consistent upward pressure on the U.S. Spot Index through the early weeks of this year. Meanwhile, the newer adult-use markets of Nevada and Alaska appear as if consistent declines could be in the offing, though the opening of more storefronts and consolidation in the former later this year may disrupt current trends.

The national volume-weighted price for flower to be sold in adult-use markets increased again this week. Rising rates in that sector of the market in California, as well as in Colorado, Washington, and Massachusetts outweighed declines in Oregon, Nevada, and Alaska. For the second straight week, decreasing wholesale rates in the medical section of California’s market pulled down the national price for product designated for registered patients recorded this week.