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Home 🌿 Recreational Marijuana News 🌿 Marijuana Price Ticked Down Last Week to $1,729 Read more: Marijuana Price Ticked Down Last Week to $1,729 per Pound 🌿Marijuana Price Ticked Down Last Week to $1,729 Read more: Marijuana Price Ticked Down Last Week to $1,729 per Pound
For the week ended Friday, November 20, the spot price index for a pound of cannabis decreased by $26 (about 1%) from $1,755 in the prior week to $1,729. The simple (non-volume-weighted) average price for a gram remained unchanged at $4.70.
About two-thirds of the past week’s transactions occurred in a range of $1,655 to $2,605 per pound, according to the analysts at Cannabis Benchmarks. The volume-weighted average price in Colorado fell about 1%, from $1,933 on November 13 to $1,907 a pound last week.The futures price for December remained flat at $1,615. For the month of January 2016, the forward price also remained unchanged at $1,665 a pound. The six-month forward price for May 2016 is $2,030 a pound, unchanged from the prior week.
The volume-weighted average price in California last week was $1,447 per pound, unchanged from the previous week. The Colorado-California price gap contracted to $460...
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