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Cannabis Benchmarks Cultivates Price Transparency for Market Participants

Submitted by Marijuana News on Tue, 04/28/2015 - 08:00

Buyers and sellers in the legal cannabis industry might think they have a handle on market pricing, but legalized cannabis is still a fledgling industry with supply and demand in constant flux. With internal factors affecting individual cannabis cultivators and external factors shaping the regulatory landscape, cannabis as a commodity deserves comprehensive wholesale spot and forward price assessments so market participants can make informed decisions.

Background on Cannabis Benchmarks

Cannabis Benchmarks, a division of New Leaf Data Services, publishes and licenses benchmark price assessments and cultivation production cost data. On April 24, 2015, Cannabis Benchmarks released its first weekly report, which the company indicated is the industry’s first U.S. wholesale spot and forward cannabis benchmark price assessment, according to a company press release.

“Transparency is essential for markets to function efficiently, and we are proud to be the first price reporting agency to publish national cannabis wholesale...

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