Weekly US Cannabis Spot Price Index
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The subscription service is currently unavailable. Please try again later.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...
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