U.S. Cannabis Spot Index up 4.2% to $1,501 per pound.
The simple average (non-volume weighted) price increased $91 to $1,745 per pound, with 68% of transactions (one standard deviation) in the $938 to $2,552 per pound range. The average reported deal size remained nominally unchanged at 2.1 pounds. In grams, the Spot price was $3.31 and the simple average price was $3.85.
August Forward unchanged at $1,430 per pound.
The average reported forward deal size was 35 pounds. The proportions of forward deals for outdoor, greenhouse, and indoor-grown flower were 48%, 33%, and 19% of forward arrangements, respectively. The average forward deal sizes for monthly delivery for outdoor, greenhouse, and indoor-grown flower were 39 pounds, 28 pounds, and 36 pounds, respectively.
At $1,430 per pound, the August Forward represents a discount of 4.7% relative to the current U.S. Spot Price of $1,501 per pound. The premium or discount for each Forward price, relative to the U.S. Spot Index, is illustrated in the table below.
