The U.S. Cannabis Spot Index increased by 1.3% to $1,082 per pound.
In grams, the Spot price was $2.39.
Pricing for bulk cannabis flower transactions in California increased nearly 13% this week, lifting the California Cannabis Spot Index up 11.8% per pound. The state composite price movement was mainly impacted by a 3.7% price rise for greenhouse flower and a 6.9% increase in outdoor flower prices.
The continued erosion of outdoor grown flower prices pushed the Michigan Cannabis Spot Index down 2.4% per pound this week. Both bulk and prepackaged outdoor flower prices declined, pushing the state outdoor index down 24.4% per pound. There are no indications that the price for outdoor flower in the state will make any significant gains in the near-term, as a surplus of inventory remains and cultivators attempt to recoup anything they can get for sungrown product.
We are pleased to announce the launch of our New York Cannabis Spot Index. PREMIUM subscribers gained access to the only New York wholesale cannabis pricing information available to the market earlier this month and will have exclusive access to the data going forward. Click here to gain access to the reports.
The New York Cannabis Spot Index has been slowly rising as we officially enter summer, and with the majority of the licensed canopy belonging to outdoor cultivation operations, over 70% of the licensed canopy by our estimations, wholesale prices for outdoor flower dominate the state market. Both indoor facilities and greenhouses, along with some mixed license types make up the remaining licensed canopy, not nearly enough production to supply the massive customer base. Therefore, outdoor grown cannabis flower prices in New York are the highest in the country, and competing on the same price levels as warehouse and mixed-light grown flower products.
July 2025 Implied Forward assessed up $20 to $1,020 per pound.
At $1,020 per pound, the July Implied Forward represents a discount of 5.7% relative to the current U.S. Spot Price of $1,082 per pound. During July 2024, the U.S. Spot Index ranged from a low of $974 to a high of $1,014.
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