For the week ended Friday, May 22, the spot price for a pound of cannabis was $1,825 unchanged from the prior week. The futures price for November 2015 was also unchanged at around $1,250 a pound.
As with many agricultural product, weather has played and will play a role in prices through the summer and beyond. Colorado’s cool, wet spring is expected to decrease the volume of the late summer harvests from outdoor growers. New greenhouse operations could also see reduced yields over the next several months. In California, the long-term forecasts anticipate a cooler and drier harvest season in the late summer and early fall. The price watchers at Cannabis Benchmarks write:
...A high-yielding California harvest with little crop loss to mold, combined with the inevitable flood of Colorado greenhouse production, even if it is ultimately lower than projected, perpetuates the downward trend of the forward curve
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