Current Data

The U.S. Cannabis Spot Index decreased 0.1% to $1,022 per pound.

In grams, the Spot price was $2.25.

At $1,022 per pound, the U.S. Spot Index is down 5% 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 $1,003 and spanned a range of $135 (with a low of $952 and a high of $1,087).

Maryland and Vermont saw the largest movement this week, with Maryland wholesale cannabis flower prices declining over 17% and Vermont wholesale prices declining over 10%.

Maryland wholesale cannabis flower prices have been on a steady decline this year. The average wholesale price per pound in May is down over 25%, or $811, since the first week in January.

Massachusetts wholesale prices continue to fall as well, this week down by 1.4%. The state composite spot index has dropped nearly 20% since the beginning of 2024.

In addition to identifying wholesale product by grow type – indoor, greenhouse, and outdoor – Cannabis Benchmarks has been differentiating wholesale transactions by whether the transfer occurred as a bulk transaction or a transaction consisting of prepackaged flower. The source data we receive from our Price Contributor Network includes these details and we are pleased to now begin including additional price assessments for wholesale flower sold in bulk or in prepackaged containers. This added granularity of pricing expands our efforts to bring transparency to the wholesale cannabis market. Over the coming months we will be regularly reporting on aggregate, bulk, and prepackaged wholesale flower pricing. Details available in the PREMIUM subscription.

Cannabis Benchmarks U.S. Spot Weighted Average Prices June 7, 2024

July 2024 Implied Forward initially assessed at $1,050 per pound.

At $1,050 per pound, the July Implied Forward represents a premium of 2.8% relative to the current U.S. Spot Price of $1,022 per pound.

Cannabis Benchmarks U.S. Implied Forward Curve June 7, 2024

Did you know that you can access state-level retail sales data and much more in our Interactive Charts?

We collect fundamental market data released by states and put it all in one convenient location for you to access it. Looking for more data? Contact Us and let us know what you’re looking for.