Current Data

The U.S. Cannabis Spot Index decreased 2.6% to $1,008 per pound.

In grams, the Spot price was $2.22.

At $1,008 per pound, the U.S. Spot Index is down 6.4% 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 has remained in an $81 range. For the same period last year, the Index averaged $992 and spanned a range of $92 (with a low of $952 and a high of $1,047).

The California Spot Index saw its largest percentage decline since mid-January, falling over 5% on increased volume of bulk indoor transactions in the lower pricing quartile. A resurgence in the price of indoor bulk flower in Oklahoma pushed the state composite price up 11.5% this week, although transactions for greenhouse flower at depressed prices continue. For the second straight week, Oregon prices saw the largest decline. The Oregon indoor volume weighted average price assessment dropped over 7% despite some product trading for over $2,500 per pound.

Cannabis Benchmarks U.S. Spot Weighted Average Prices May 10, 2024

June 2024 Implied Forward assessed down $15 to $1,045 per pound.

At $1,045 per pound, the June Implied Forward represents a premium of 3.6% relative to the current U.S. Spot Price of $1,008 per pound.

Cannabis Benchmarks U.S. Implied Forward Curve May 10, 2024

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