Current Data

The U.S. Cannabis Spot Index decreased 0.9% to $1,057 per pound.

The simple average (non-volume weighted) price decreased $17 to $1,354 per pound, with 68% of transactions (one standard deviation) in the $591 to $2,118 per pound range. The average reported deal size was nominally unchanged at 2.5 pounds. In grams, the Spot price was $2.33 and the simple average price was $2.99.

The relative transaction frequency of indoor product fell 1%, while those of greenhouse and outdoor product were essentially unchanged.      

The relative volumes of each grow type were stable from last week.

U.S. Spot price is down $10 this week to $1,057 per pound as legacy and newer markets continue to catch a shellacking from various combinations of oversupply, abundant competition, and uncapped licensing.  

Prices for outdoor flower in legacy states remain in a strong downtrend. Prices for this most abundant grow type will likely form the basis for an eventual futures contract, This would greatly benefit the industry, allowing for hedging against price fluctuations and creating price – and profit – certainty.