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Cannabis Benchmarks Weekly Wholesale Report -- June 16, 2017

U.S. Cannabis Spot Index down 2.9% at $1,543 per pound. 

The simple average (non-volume weighted) price decreased $12 to $1,812 per pound, with 68% of transactions (one standard deviation) in the $1,162 to $2,461 per pound range. The average deal size increased 23% to 10.3 pounds from 8.3 pounds last week, driven predominantly by larger outdoor deals in Western markets. In grams, the Spot price was $3.40, and the simple average price was $3.99.
Deals for warehouse flower increased in relative frequency by 8% compared to last week, but the relative volume of such product as a percent of the total contracted a bit, by 3%. After making up less than one-fifth of all documented weight moved last week, outdoor product’s share of the total observed volume traded swelled to slightly more than that proportion. The relative volume of greenhouse flower decreased by 2% week-over-week, as the relative frequency of trades for such product increased by 9%. 
Rates for both medical and adult-use product mimicked the movement of the overall U.S. Spot this week, with all three ticking downward. Volume-weighted average pricing in the nation’s adult-use markets has been steady recently, hovering between $1,300 and $1,400 per pound for the previous six weeks after cresting above the latter threshold in the week after 4/20. Although, recreational rates were actually higher in late March and early April, at around $1,500 per pound. 
Read the full report here
Posted in Other on June 17 at 08:53 AM

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