Current Data

The U.S. Cannabis Spot Index decreased 2.1% to $978 per pound.

In grams, the Spot price was $2.16.

Greenhouse grown flower in Michigan is trending closer in pricing to indoor grown flower. Indoor grown flower prices have dropped more than greenhouse flower prices have risen, a phenomenon that has occurred in other markets as they mature.

Nevada’s weighted average price this week rose 5.6%. History has demonstrated a positive correlation between cannabis prices and Las Vegas tourism metrics, which are on the rise across the board in 2024.

Arizona Composite Spot price rose 9.6% on a reduction in the quantity of greenhouse transactions in the lower price quartile.

At $978 per pound, the U.S. Spot Index is down 9.2% this year from the 2023 closing price of $1,077, and averaging $1,022 per pound. At $978, the U.S. Spot Index has reached a low for the year. The high of $1,072 was established on March 22nd. Year-to-date, the U.S. Spot Index has reached a $94 range. For the same period last year, the U.S Spot Index averaged $999 per pound.

Cannabis Benchmarks U.S. Spot Weighted Average Prices June 28, 2024

July 2024 Implied Forward assessed down $20 to close at $1,020 per pound.

At $1,020 per pound, the July Implied Forward represents a premium of 4.3% relative to the current U.S. Spot Price of $978 per pound.

Cannabis Benchmarks U.S. Implied Forward Curve June 28, 2024

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