Weekly US Cannabis Spot Price Index
September 11, 2015 – U.S. Cannabis Spot Index up fractionally to $2,133. The national price may be at—or close to—its seasonal high.
Forward Prices – Unchanged as market participants begin to gauge volume and quality of fall supply. As previously reported, forward deals remain relatively rare during this pre-harvest period. Buyers in California are reportedly pre-purchasing entire crops from willing cultivators, while other buyers are starting to coalesce operations to ensure supply. In Colorado, buyer desperation is subsiding; yet it is still a seller’s market. However, unlike a few weeks ago, the power of the supplier is diminishing as sellers are less able to dictate price.
California
The volume weighted average price in California was $1,884 per pound, down 1% from $1,900 last week. There were fewer large (50+ pound) transactions reported, with the average deal size decreasing to less than 10 pounds.
Cannabis aficionados and cultivators will gather in Redway, California this...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin