Current Data

Cannabis Benchmarks U.S. Spot Price History & Forward Curve September 2, 2022

The U.S. Cannabis Spot Index decreased 2.4% to $1,003 per pound.


The simple average (non-volume weighted) price decreased $11 to $1,270 per pound, with 68% of transactions (one standard deviation) in the $543 to $1,997 per pound range. The average reported deal size was nominally unchanged at 2.5 pounds. In grams, the Spot price was $2.21 and the simple average price was $2.80.


The relative transaction frequency of indoor product rose 1% this week, while that of greenhouse flower fell 1%. Outdoor transaction frequency was unchanged in the week.  


The relative volume of indoor product rose 1%, while that of greenhouse flower fell 2%. Outdoor flower’s relative volume rose 1%

Cannabis Benchmarks U.S. Transaction Statistics September 2, 2022

The Cannabis Benchmarks U.S. Spot Index fell to a new all-time low this week at $1,003 per pound wholesale, taking out the previous all-time low of $1,007, made just two weeks ago. For some perspective on the market, one must cast back to 2019, pre-COVID, a period in which the market was in a strong, though restrained uptrend. The 2019 spot rally peaked in February 2020 at $1,459 per pound wholesale. 


The Spot Index showed little variability through the onset of COVID, trading in a $135 range bounded by the February high and the May 2020 low of $1,322, after which price took off as the pandemic economic math took over: Unemployment plus government subsidies compounded by nothing but free time equaled a cannabis price rally. The Spot Index’s pandemic price peak came in late October 2020 at $1,665 per pound. Starting in October 2020, price stayed within a $188 range through August 2021, when the market topped out at $1,610. Since August 2021 the spot market has lost 37.7% of its value.

Cannabis Benchmarks U.S. Spot Weighted Average Prices September 2, 2022

Cannabis Benchmarks U.S. Spot Price for Medical & Recreational Flower September 2, 2022

March 2023 Implied Forward initially assessed at $1,015 per pound.


The average reported forward deal size was 74 pounds. The proportions of forward deals for outdoor, greenhouse, and indoor-grown flower were 54%, 32%, and 14% of forward arrangements, respectively.


The average forward deal sizes for monthly delivery for outdoor, greenhouse, and indoor-grown flower were 82 pounds, 65 pounds, and 64 pounds, respectively.


At $995 per pound, the October 2022 Implied Forward represents a discount of 0.8% relative to the current U.S. Spot Price of $1,003 per pound. The premium or discount for each Forward price, relative to the U.S. Spot Index, is illustrated in the table below.

Cannabis Benchmarks U.S Forward Price Curve September 2, 2022