The U.S. Cannabis Spot Index decreased by 2.7% to $1,070 per pound.
In grams, the Spot price was $2.36.
With the recent addition of New Jersey and New York wholesale cannabis spot price indexes, we are preparing to release 3 additional states by the end of Q3 2025. Be on the lookout for Mississippi, Missouri and Ohio price benchmarks! To satisfy our methodology requirements, we have been collecting data for these new markets for several months and continue to onboard more members to our Price Contributor Network, who provide wholesale transaction data in their markets of operation. All new state markets added in 2025 will only be available with the PREMIUM subscription.
The Massachusetts Cannabis Spot Index increased by 5.2% per pound this week. Prices for cannabis flower grown in all environments saw positive gains. The state greenhouse price index saw the largest movement, climbing 10.4% per pound. For the last 8 weeks the indoor-greenhouse price spread has averaged over $115 in favor of indoor grown flower, but this week there was a significant contraction, with greenhouse prices closing the gap to an only $18 difference.
Driven by a 12.5% decrease in outdoor grown flower prices, the Vermont Cannabis Spot Index fell 6.1% per pound this week. As with other markets that have significant sungrown production, the remaining prior year inventory is often liquidated as cultivators prepare for harvesting this year’s crop and obtain cash on hand to pay for seasonal workers to process the new crop in the fall.
August 2025 Implied Forward unchanged at $1,020 per pound.
At $1,020 per pound, the August Implied Forward represents a discount of 4.7% relative to the current U.S. Spot Price of $1,070 per pound. In 2024, the U.S. Spot Price averaged $1,000 per pound for the month of August.
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