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Cannabis Benchmarks US Wholesale Cannabis Spot Index & Report for July 7

U.S. Cannabis Spot Index down 0.8% to $1,622 per pound.

The simple average (non-volume weighted) price decreased $30 to $1,828 per pound, with 68% of transactions (one standard deviation) in the $1,038 to $2,618 per pound range. The average deal size increased 26.4% to 9.9 pounds from 7.8 pounds last week. In grams, the Spot price was $3.58, and the simple average price was $4.03.

Greenhouse flower continued to increase its share of the total observed volume traded as the year’s first round of light-deprivation harvests reach market. The relative volume of such product was up 9% week-over-week, even as the relative frequency of deals for greenhouse flower held largely steady. Warehouse-grown product’s share of the documented weight moved this week contracted by 8% compared to the week prior. Outdoor flower’s influence on the national composite price remained small. 
 
Read the full report here
Posted in Other on July 07 at 01:23 PM

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  • Heidi H. Choi