Current Data

The U.S. Cannabis Spot Index decreased 0.9% to $1,067 per pound.

In grams, the Spot price was $2.35.

The U.S. spot price slid by $19 per pound this week on the back of losses in New England and the Southwest “Sand States.” 

Legacy state spot prices netted +$20 per pound this week with California spot up $10, Oregon up $9, and Washington State up $6. Colorado spot price slipped $5 per pound. 

New England saw Vermont’s spot, the second most expensive cannabis in the region, fall $31 per wholesale pound. Rhode Island’s spot price fell $32, Massachusetts slipped $14, and Connecticut fell $2. On the upside, Maine spot picked up $27 per wholesale pound. 

The Midwest gained $3 net per pound this week. Illinois spot rose $29, while Michigan spot slipped $4 to its lowest level since March 2023. 

The Sand States netted -$90 per pound this week. Oklahoma’s spot dropped $58 behind the acknowledgement the state has at least 32 times as much cannabis as residents could reasonably consume and OMMA’s plan to crack down on licensed growers selling into the illicit market. Nevada spot slid $32 this week and New Mexico spot fell $4. Arizona, the only gainer in the region, tacked on $4 per wholesale pound, but still remains the lowest price in the group. 

Alaska spot price fell $15 per wholesale pound this week as hopes for a cannabis tax reduction faded for the year. 

The most expensive cannabis in the country can be found in Connecticut, which is trading $1,287 over the least expensive in the region, Massachusetts. The least expensive cannabis in the U.S. can now be found in Arizona which is trading $23 per wholesale pound under Oregon, itself the least expensive market in the legacy states.

Cannabis Benchmarks U.S. Spot Weighted Average Prices June 23, 2023

July 2023 Implied Forward unchanged at $1,100 per pound.

At $1,100 per pound, the July 2023 Implied Forward represents a premium of 3.0% relative to the current U.S. Spot Price of $1,067 per pound.

Cannabis Benchmarks U.S Forward Price Curve June 16, 2023

This Week’s

PREMIUM Report Headlines:


March Sees Usual Demand Bump; April Sales Sink 12.1% Month-on-Month


May Adult Use Sales Surge 32.6 % Year-on-Year


Sales Soften from March to April, but Wholesale Spot Remains Buoyant


New Study: State Drowning in Supply, Likely Leaking Over Borders