Current Data

The U.S. Cannabis Spot Index declined 0.5% to $1,040 per pound.

In grams, the Spot price was $2.29.

At the national level, indoor and greenhouse grown flower saw marginal upticks of less than 1% this week while outdoor grown flower declined 3.3% behind depressed pricing in the California, Oregon, and Washington markets.

Washington wholesale prices continue their downward trend, with the average state composite price for March down 10% compared to February. An increase in the transaction volume of low priced outdoor grown flower is the main driver for the price movement.

Massachusetts wholesale prices continue their rollercoaster ride of 2024. The March average state wholesale price is down nearly 5% compared to the February average. As increasing volumes of greenhouse grown flower transactions continue, indoor grown flower product pricing has demonstrated a downward pricing trend to maintain shelf space at dispensaries.

Cannabis Benchmarks U.S. Spot Weighted Average Prices March 29, 2024

April 2024 Implied Forward unchanged to close at $1,040 per pound.

At $1,040 per pound, the April Implied Forward represents is flat relative to the current U.S. Spot Price of $1,040 per pound.

Cannabis Benchmarks U.S. Implied Forward Curve March 29, 2024

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