Current Data

The U.S. Cannabis Spot Index increased 1.0% to $1,087 per pound.

In grams, the Spot price was $2.40.

The U.S. wholesale spot market eked out a $4 per pound gain this week as regional markets netted out in the red. Legacy states netted -$32, New England states netted -$56, the Midwest slipped net $7, while the Southwest Sand States slid $11. Alaska, a region of its own, jumped $36 per wholesale pound.

Price recovery in legacy states is largely driven by steady to higher prices in the highest-volume product segment – the outdoor market. As noted previously, price contagion upward from the outdoor market pulled greenhouse and indoor prices down over the past two years. However, wholesale spot prices for outdoor-grown cannabis have been in a slow but uneven recovery since last fall.

California outdoor flower prices reached a new all-time low in December 2022, but have since staged an impressive recovery to the tune of a 32% gain in price per wholesale pound. Oregon outdoor product prices have been the most volatile, but have managed to stay slightly above the all-time low set in 2018. Colorado outdoor product prices have been volatile, but have climbed 33.7% since March 2023. Washington State outdoor flower price gains have mirrored those in California, increasing over 30% since March 2023.

Cannabis prices look to remain steady to higher going into the summer season. The outdoor market is improving steadily as more innovation in the industry creates a steady demand for extracted products. Markets are likely still over-supplied, but business turnover and prices competitive with the illicit market should evolve into a base pricing structure, which doesn’t necessarily mean significantly higher prices across all grow types. The middle market – greenhouse flower – is benefiting the most from outdoor price stability, which may indicate something about the market as a whole in terms of consumer and wholesaler demand for product priced above outdoor, but well below indoor.

Cannabis Benchmarks U.S. Spot Weighted Average Prices June 2, 2023

December 2023 Implied Forward initially assessed at $1,025 per pound.

At $1,100 per pound, the July 2023 Implied Forward represents a premium of 1.2% relative to the current U.S. Spot Price of $1,087 per pound.

Cannabis Benchmarks U.S Forward Price Curve June 2, 2023

This Week’s

PREMIUM Report Headlines:


March Sales Jump 10.6%

New Mexico

May Sales Inch Higher, Erasing April Losses

New York

It’s Complicated – Will Recent Developments Accelerate Adult Use Rollout?


Legacy State Outdoor Flower Price Recovery