July 17, 2020

U.S. Cannabis Spot Index — July 17, 2020

U.S. Cannabis Spot Index — Published July 17, 2020

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.

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Cannabis Benchmarks®, a division of New Leaf Data Services, LLC

17 July 2020.  Copyright © 2020 New Leaf Data Services, LLC.  All rights reserved