U.S. Cannabis Spot Index up 3.3% to $1,401 per pound.
The simple average (non-volume weighted) price increased $20 to $1,636 per pound, with 68% of transactions (one standard deviation) in the $887 to $2,385 per pound range. The average reported deal size decreased to 2.2 pounds. In grams, the Spot price was $3.09 and the simple average price was $3.61.
December Forward initially assessed at $1,350 per pound.
The average reported forward deal size was 35 pounds. The proportion of forward deals for outdoor, greenhouse, and indoor-grown flower was 47%, 38%, and 15% of forward arrangements, respectively. The average forward deal sizes for monthly delivery for outdoor, greenhouse, and indoor-grown flower were 42 pounds, 27 pounds, and 35 pounds, respectively.
At $1,430 per pound, the July Forward represents a premium of 2.1% relative to the current U.S. Spot Price of $1,401 per pound. The premium or discount for each Forward price, relative to the U.S. Spot Index, is illustrated in the table below.
