Current Data

The U.S. Cannabis Spot Index increased 0.9% to $1,035 per pound.

In grams, the Spot price was $2.28.

At $1,035 per pound, the U.S. Spot Index is down 3.8% this year and averaging $1,025 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 $989 and spanned a range of $92 (with a low of $952 and a high of $1,044).

The Oregon state composite price assessment saw the largest individual drop this week, declining over 8% after a surge in outdoor product transactions and volume. Nevada indoor prices rose 5% on the back of significant volume deals for prepackaged eighths at elevated prices. The Massachusetts greenhouse price dropped over 15% this week driven by large bulk deals in the bottom quartile, nullifying the price gains achieved since the beginning of February.

Cannabis Benchmarks U.S. Spot Weighted Average Prices May 3, 2024

November 2024 Implied Forward initially assessed at $1,035 per pound.

At $1,060 per pound, the June Implied Forward represents a premium of 2.4% relative to the current U.S. Spot Price of $1,035 per pound.

Cannabis Benchmarks U.S. Implied Forward Curve May 3, 2024

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