Current Data

U.S. Cannabis Spot Index down 2.1% to $1,375 per pound.

The simple average (non-volume weighted) price decreased $27 to $1,591 per pound, with 68% of transactions (one standard deviation) in the $845 to $2,337 per pound range. The average reported deal size was nominally unchanged at 2.1 pounds. In grams, the Spot price was $3.03 and the simple average price was $3.51.


The relative frequency of trades for greenhouse flower decreased by 5% this week. The relative frequencies of deals for indoor and outdoor product increased by 3% and 2%, respectively. 


Warehouse flower’s share of the total reported weight moved expanded by 2% this week. The relative volume of greenhouse product contracted by the same proportion, while that for outdoor flower was unchanged.

Fallout from the COVID-19 – or coronavirus – pandemic continued to ripple across the U.S. this week. Reports from several states told of runs on legal cannabis retailers, as consumers and patients looked to stock up ahead of taking recommended social distancing and self-isolation measures. We noted in last week’s report that the COVID-19 pandemic could result in a short-term increase in demand due to such circumstances.

In other cases, such as in the San Francisco Bay Area, residents were ordered to “shelter in place,” or stay at home unless absolutely necessary, beginning Monday, March 16. However, while non-essential businesses in the Bay Area were ordered to close, licensed cannabis retailers were deemed essential and permitted to stay open. California Governor Gavin Newsom extended the shelter-in-place order to the entire state beginning Thursday, March 19. Yet, in virtually all states with legal cannabis markets, sales have continued through this week. Officials in numerous states have designated cannabis retailers – both medical and adult-use – as essential businesses for the time being.

A rundown from Leafly provides updates on many regulated cannabis markets in the U.S.