December 30, 2020

U.S. Cannabis Spot Index — January 1, 2021

U.S. Cannabis Spot Index — Week Ending January 1, 2021

U.S. Cannabis Spot Index up 1.6% to $1,531 per pound.

 

The simple average (non-volume weighted) price decreased $8 to $1,800 per pound, with 68% of transactions (one standard deviation) in the $1,064 to $2,536 per pound range. The average reported deal size decreased to 2.4 pounds. In grams, the Spot price was $3.38 and the simple average price was $3.97.

June 2021 Implied Forward initially assessed at $1,625 per pound.

 

The average reported forward deal size was unchanged at 38.6 pounds. The proportions of forward deals for outdoor, greenhouse, and indoor-grown flower were 50%, 35%, and 15% of forward arrangements, respectively. The average forward deal sizes for monthly delivery for outdoor, greenhouse, and indoor-grown flower were 55 pounds, 21 pounds, and 26 pounds, respectively.

 

At $1,525 per pound, the February 2021 Implied Forward represents a discount of 0.4% relative to the current U.S. Spot Price of $1,531 per pound. The premium or discount for each Forward price, relative to the U.S. Spot Index, is illustrated in the table below.

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Cannabis Benchmarks®, a division of New Leaf Data Services, LLC

1 January 2021.  Copyright © 2021 New Leaf Data Services, LLC.  All rights reserved