Marijuana Price Rises 4% to $2128 a Pound
For the week ended Friday, September 4, the spot price index for a pound of cannabis jumped more than $80 from $2,045 in the prior week to $2,128. The price of marijuana has risen by $150 a pound over the past two weeks.
The futures price for December 2015 remained unchanged at $1,385, and the October forward fell about 5% to $1,825. For the month of November, the forward price drops to $1,500 a pound.
About two-thirds of the past week’s transactions occurred in a range of $1,703 to $2,741 per pound, and transaction prices ranged from an average low of $700 in California to a high of $4,000 in Nevada, according to the analysts at Cannabis Benchmarks. The volume-weighted average price in Colorado ticked up from $2,085 on August 28 to $2,090 a pound last week.
The volume-weighted average price in California last week was $1,900 per pound, up...
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