Current Data

The U.S. Cannabis Spot Index decreased 4.9% to $999 per pound.

In grams, the Spot price was $2.20.

Maryland wholesale cannabis flower prices climbed another 8% this week, yet the June average is down more than 11% from May’s average price per pound.

The price per pound of indoor grown flower in Illinois continues a downward trend, with the current average price 13% lower than in May.

Oklahoma saw a large percentage increase in pricing this week due to a reduction in lower priced greenhouse flower transactions that had impacted overall price trends in the past several weeks.

At $999 per pound, the U.S. Spot Index is down 7.2% this year from the 2023 closing price of $1,077, and averaging $1,024 per pound. The low of $991 and the high of $1,072 were established just two weeks apart, on March 8th and March 22nd, respectively. Year-to-date, the U.S. Spot Index remains in an $81 range. For the same period last year, the Index averaged $1,012 and spanned a range of $144 (with a low of $952 and a high of $1,096).

Cannabis Benchmarks U.S. Spot Weighted Average Prices June 21, 2024

July 2024 Implied Forward assessed down $10 to $1,040 per pound.

At $1,040 per pound, the July Implied Forward represents a premium of 4.2% relative to the current U.S. Spot Price of $999 per pound.

Cannabis Benchmarks U.S. Implied Forward Curve June 21, 2024

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