The U.S. Cannabis Spot Index increased by 0.3% to $1,200 per pound.
In grams, the Spot price was $2.65.
The Montana Cannabis Spot Index decreased by 3.0% per pound this week. Prepackaged and bulk flower products both experienced falling rates, by 2.1% and 2.9%, respectively. The current state index sits 4.8% below the Q3 2025 average price per pound. Indoor grown flower saw declining prices for the 5th week in a row, losing 2.3% per pound this week.
The Nevada Cannabis Spot Index continues to regain value, climbing for the 3rd week in a row after hitting an all-time low on September 12th. This week the state index rose by 8.9% per pound. Strong price support for both indoor and greenhouse grown bulk flower transactions lifted the individual grow type indexes by 8.0% and 8.4%, respectively. Greenhouse grown flower sold in prepackaged weights saw the largest increase this week, gaining 11.3% in value.
The Oklahoma Cannabis Spot Index reached its highest mark since March 1, 2024, gaining 4.9% per pound this week. Greenhouse grown flower sold in bulk and priced in the lower quartile continue to be minimized, helping to support positive movement for the state greenhouse index, this week increasing by 2.8%.
April 2026 Implied Forward initially assessed at $1,110 per pound.
At $1,120 per pound, the November Implied Forward represents a discount of 6.7% relative to the current U.S. Spot Index of $1,200 per pound. The Forward curve is on the rise as recent gains in the U.S. Spot Index have returned it to levels last reached in May of 2022.
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