Current Data

U.S. Cannabis Spot Index opens 2019 down 0.9% at $1,165 per pound.

The simple average (non-volume weighted) price decreased by $48 to $1,292 per pound, with 68% of transactions (one standard deviation) in the $524 to $2,061 per pound range. The average reported deal size was nominally unchanged at 4.1 pounds. In grams, the Spot price was $2.57, and the simple average price was $2.85.

The relative frequency of trades for outdoor flower grew this week, by over 1%, while that for indoor product decreased by the same proportion. The relative frequency of transactions for greenhouse flower was unchanged compared to last week. Similarly, each individual grow type’s share of the total reported weight moved nationwide was stable compared to the final week of 2018. One year ago, in the opening week of 2018, the relative volumes of warehouse, greenhouse, and outdoor product were documented at 46%, 37%, and 17%, respectively.

The U.S. Spot Index opened 2019 with a small decline, sliding by 0.9% to settle at $1,165 per pound. A decrease in the national volume-weighted price for indoor-grown flower was primarily responsible for pulling down the U.S. composite price. The national price for warehouse flower slipped mainly due to declines in the going rate for that grow type in all three West Coast markets. Also from a state-level perspective, week-over-week decreases in the Spot Indices of Oregon, Washington State, and Arizona outweighed upward price movement in California, Colorado, and Michigan. This week’s U.S. Spot Index is off by 22.5% year-over-year, compared to the national composite price of $1,503 per pound, documented in the opening week of 2018.

The national volume-weighted price for flower to be sold in adult-use markets declined this week. Decreases in California’s adult-use sector, as well as in Oregon and Washington, outweighed upticks in Colorado and Alaska. Sinking wholesale rates in Arizona, Illinois, Maine, and New Mexico were primarily responsible for pushing down slightly the national price for product designated for registered patients.