Marijuana Price Steady at $1,918
For the week ended Friday, March 11, the spot price index for a pound of cannabis was essentially unchanged from $1,920 in the prior week to $1,918. The simple average price for a gram slipped a penny from $4.57 to $4.56.
The futures price for the near month (April) rose 1% from $2,010 to $2,030. For the month of May, the forward price remained flat at $2,110 a pound. The six-month forward price for September also remained unchanged at $2,200.
About two-thirds of the past week’s transactions occurred in a range of $1,564 to $2,577 per pound, according to the analysts at Cannabis Benchmarks. The analysts also commented on the forward price curve:
Two weeks of stable spot and forward prices resulted in another week of stable forward premiums, with the April premium rising less than 1% … [A] variety of stringent testing requirements are anticipated to increase prices in
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