Marijuana Price Jumped 11% Last Week to $1932
For the week ended Friday, December 11, the spot price index for a pound of cannabis increased by $198 (about 11%) from $1,734 in the prior week to $1,932. The simple (non-volume-weighted) average price for a gram ticked down from $4.67 to $4.66.
The futures price for January rose from $1,680 to $1,800 on the near-month contract. For the month of February 2016, the forward price increased from $1,775 a pound to $1,850. The six-month forward price for June 2016 is $2,050 a pound, unchanged from the prior week.
About two-thirds of the past week’s transactions occurred in a range of $1,682 to $2,544 per pound, according to the analysts at Cannabis Benchmarks. The volume-weighted average price in Colorado fell 4%, from $2,040 in the previous week to $1,956 a pound last week.
The volume-weighted average price in California last week jumped to $1,760 per pound, up 22% from the...
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