The U.S. Cannabis Spot Index decreased 1.0% to $1,077 per pound.
In grams, the Spot price was $2.37.
The Montana Cannabis Spot Index gained 8.0% per pound this week. A strong performance for greenhouse grown flower, with a 14.0% price increase, drove the state index gains. The November average price per pound closed 7.7% higher than the October average.
Wholesale cannabis prices in New Hampshire dipped this week, losing 6.6% per pound to end the month. The current state index sits just 2.8% below the 2025 average price per pound.
The New Mexico Cannabis Spot Index decreased by 9.8% per pound this week. Falling prices for indoor and outdoor grown flower, by 5.1% and 3.0%, respectively, far outweighed a 0.6% gain for greenhouse grown flower. Despite this week’s down performance, the November average price per pound is 11.5% above the October average.
December 2025 Implied Forward assessed down $5 to close at $1,110 per pound.
At $1,110 per pound, the December Implied Forward represents a premium of 3.1% relative to the current U.S. Spot Index of $1,077 per pound.
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