Weekly US Cannabis Spot Price Report
Cannabis Benchmarks reports U.S. spot price index is up fractionally to $1,709 this week. The standard deviation of the non-volume weighted prices was $317, with 68% of transactions falling in the $1,493 to $2,127 per pound range.
Transactions were as low as $1,400 per pound in both California and Colorado, and as high as $2,700 per pound on the east coast and $2,800 in the Midwest.
December Forward – up $35 to $1,385 per pound.
In typical years, suppliers usually realize at least 50% to 75% of their expected production. However, this year more factors are coming into play simultaneously than normal. Drought, fire, water rationing, raids and a shifting regulatory landscape are normal occurrences, but the current confluence is not. While more plants are in the ground than ever before, the volume of forward transactions appears to be declining as buyers and sellers await the fall harvest....
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