Current Data

U.S. Cannabis Spot Index down nominally 0.2% at $1,163 per pound.

The simple average (non-volume weighted) price decreased by $36 to $1,257 per pound, with 68% of transactions (one standard deviation) in the $496 to $2,017 per pound range. The average reported deal size declined to 4.0 pounds this week from 4.1 pounds last week. In grams, the Spot price was $2.56, and the simple average price was $2.77.

The relative frequency of trades for indoor flower grew this week, by 1%, while that for greenhouse product decreased by the same proportion. The relative frequency of transactions for outdoor flower was unchanged compared to last week. Warehouse product’s share of the total reported weight moved nationally grew by 3% this week, while the relative volumes of greenhouse and outdoor flower contracted by 1% and 2%, respectively. The relative volume of outdoor product is down from its harvest-season peak of 33%, where it settled over several weeks in November.

The U.S. Spot Index slipped downward for the second consecutive week, decreasing slightly, by 0.2%, to $1,163 per pound. Prices for indoor flower dipped notably in multiple major markets this week, which depressed the national average for such product and pulled down the U.S. composite rate. The nation’s two largest markets – California and Colorado – saw their Spot Indices hold fairly steady compared to last week, with both seeing nominal rises, with the same going for Nevada. Meanwhile, Oregon and Arizona were the two most sizeable state markets to see downturns in their composite prices, while decreases in the Spot prices of Illinois and New Mexico also applied downward pressure on the national average. Overall, this week’s U.S. Spot Index is down by 13.2% year-over-year, compared to the rate of $1,340 per pound documented in the week ending January 12, 2017.

The national volume-weighted price for flower to be sold in adult-use markets rose slightly this week. Rising rates in Colorado, Washington, and Nevada, with assistance from upticks in Alaska and Massachusetts, outweighed a decrease in Oregon. The composite price in California’s adult-use sector was virtually flat week-over-week. Sinking wholesale rates in Arizona, Illinois, and New Mexico were primarily responsible for a marginal decrease in the national price for product designated for registered patients.