The simple average (non-volume weighted) price increased $65 to $1,886 per pound, with 68% of transactions (one standard deviation) in the $1,040 to $2,732 per pound range. The average deal size increased 2.1% to 8.1 pounds from 7.9 pounds last week. In grams, the Spot price was $3.59, and the simple average price was $4.16.
The influence of greenhouse product on the nation’s overall volume-weighted average subsided further this week. After the relative volume of such flower contracted by 6% last week, it did so again by the same proportion this week. The majority of the corresponding gain accrued to outdoor-grown product, despite the relative frequency of transactions for that grow type decreasing slightly. Overall, though, the relative frequency of deals for each grow type was mostly unchanged from last week.
After increasing its influence on the overall composite price last week, greenhouse flower maintained its over two-thirds share of the total observed volume traded this week, even as the relative frequency of trades for such product declined slightly. The overall average deal size in Washington State shrank this week to 13.3 pounds, from 15.3 last week. Average deal sizes for each grow type documented this week in Washington’s market were on the decline as well; that for greenhouse flower was down by just over 2 pounds compared to last week, while the average deal size for indoor product contracted by 1.5 pounds.