The U.S. Cannabis Spot Index increased 4.5% to $1,036 per pound.
In grams, the Spot price was $2.28.
The U.S. Cannabis Spot Index rebounded $45 to close at $1,036 this week. The movement was a result of increases in all grow types for the California market, as well as sizable increases for indoor and greenhouse grown flower in Oregon. Other notable increases in state composite prices were observed for Arizona, Colorado, and Pennsylvania.
For state markets that publish average monthly retail prices for smokable flower, we are able to calculate and analyze retail markups. The markups vary by state and from month-to-month. This analysis is a unique capability of Cannabis Benchmarks, using our proprietary wholesale price assessments to compare to the state-calculated retail prices. Be on the lookout for detailed retail markup reporting in upcoming Wholesale Market Observer posts. A post analyzing the retail price markups for the September 2023 timeframe reveals some eye-opening results for six of the state markets that we cover.
April 2024 Implied Forward unchanged at $1,040 per pound.
At $1,040 per pound, the April Implied Forward represents a premium of 0.4% relative to the current U.S. Spot Price of $1,036 per pound.
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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.