Current Data

U.S. Cannabis Spot Index up 1.7% at $1,162 per pound.

The simple average (non-volume weighted) price decreased by $25 to $1,223 per pound, with 68% of transactions (one standard deviation) in the $425 to $2,020 per pound range. The average reported deal size was nominally unchanged at 3.2 pounds. In grams, the Spot price was $2.56, and the simple average price was $2.70.

The relative frequency of trades for both indoor and outdoor flower increased week-over-week, by 1% each, while transactions involving greenhouse product saw a 2% decline in this metric. Warehouse flower’s share of the total reported weight moved nationwide grew slightly this week, by 1%, with the relative volume of greenhouse product contracting by the same proportion. Outdoor product is the only grow type to see its relative volume exceed its relative frequency of trades.

The U.S. Spot Index increased by 1.7% this week to settle at $1,162 per pound. Oregon and Arizona were the only sizeable markets to see downturns in their composite prices this week, which were overwhelmed by increases in the Spot Indices of California, Colorado, Washington State, and Nevada. Smaller markets such as Massachusetts, Michigan, Illinois, and Maine have also applied consistent upward pressure on the national volume-weighted average this year. Based on historical sales data from more mature adult-use markets, January and February are typically months that see lulls in sales compared to the higher-demand months of December and March. While the U.S. Spot Index did dip in the latter weeks of January and the early ones of February, this week’s price is virtually identical to the rate of $1,165 per pound, observed at the outset of the year.  

The national volume-weighted price for flower to be sold in adult-use markets jumped this week, primarily due to rises in California, Colorado, Washington, and Nevada. Declines in the medical markets of Arizona and New Mexico pulled down the national price for product designated for registered patients recorded this week, with assistance decreases in the smaller markets of New Hampshire and Vermont.