Current Data

The U.S. Cannabis Spot Index increase 0.4% to $982 per pound.

In grams, the Spot price was $2.16.

Michigan saw the biggest decrease in wholesale pricing this week, dropping 8%. Both indoor and greenhouse grown flower pricing experienced downward pressure due to large volume bulk deals.

New Mexico continues to show weekly price increases, this week climbing 9.2%. This week’s price assessment is 10.2% greater than the June average.

After 3 weeks of increases, Massachusetts indoor grown flower experienced a steep decline this week under pressure from large numbers of transactions for lower priced greenhouse grown flower.

At $982 per pound, the U.S. Spot Index is down 8.8% this year from the 2023 closing price of $1,077, and averaging $1,020 per pound. The year-to-date low and high of $978 and $1,072 were reached on June 28th and March 22nd, respectively; a spread of $94. For the same period last year, the U.S Spot Index averaged $1,015 per pound.

Cannabis Benchmarks U.S. Spot Weighted Average Prices July 5, 2024

January 2025 Implied Forward initially assessed at $1,005 per pound.

At $1,010 per pound, the August Implied Forward represents a premium of 2.9% relative to the current U.S. Spot Price of $982 per pound.

Cannabis Benchmarks U.S. Implied Forward Curve July 5, 2024

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