Current Data

U.S. Cannabis Spot Index up 0.4% to $1,256 per pound.

The simple average (non-volume weighted) price increased $13 to $1,445 per pound, with 68% of transactions (one standard deviation) in the $619 to $2,270 per pound range. The average reported deal size increased to 2.7 pounds from 2.6 pounds last week. In grams, the Spot price was $2.77 and the simple average price was $3.18.

The relative frequency of trades for outdoor flower increased by 2% week-over-week. The relative frequency of transactions involving greenhouse product decreased by the same proportion, while that for deals for indoor flower was unchanged. Outdoor product’s share of the total documented weight moved nationally also expanded by 2% this week. The relative volume of greenhouse flower contracted by the same proportion, while that for warehouse flower was unchanged.   

The U.S. Spot Index rose by 0.4% this week to settle at $1,256 per pound, establishing a new year-to-date peak for the fourth consecutive week. All four of the major Western markets – California, Colorado, Oregon, and Washington – saw upticks in their composite prices this week. Positive trends in rates for outdoor flower in California and Oregon continued to lift the Spot Indices of those states, while volume-weighted prices for greenhouse product in Colorado and Washington rose to year-to-date highs. In contrast to last year at this time, upward price pressure on the national average is also originating from Massachusetts, Michigan, and Nevada. Massachusetts’ young adult-use market generated over $30 million in retail sales in both April and May, as we expand upon further below, after opening in late November last year. 

The national volume-weighted price for flower to be sold to general consumers jumped this week on increases in every functioning adult-use market except for Nevada, which saw only a slight decrease. Prices for medical flower were down this week, mainly on declines in California and Arizona.