U.S. Cannabis Spot Index down 4.8% to $1,556 per pound.
The simple average (non-volume weighted) price decreased $112 to $1,772 per pound, with 68% of transactions (one standard deviation) in the $1,054 to $2,490 per pound range. The average deal size increased 24.9% to 11.2 pounds from 9.0 pounds last week. In grams, the Spot price was $3.43, and the simple average price was $3.91.
Indoor-grown flower’s share of the total observed volume traded declined by 6% week-over-week, but such product still accounted for over half of all documented weight moved. Most of the corresponding increase in relative volume accrued to greenhouse flower, which made up over a third of all observed volume traded while constituting just over a quarter of all reported deals. Outdoor product’s influence on the national composite price increased slightly compared to last week.
Greenhouse flower spanned from $900 to $3,200 per pound; the median price was $1,305/lb.
Outdoor flower spanned from $500 to $1,800 per pound; the median price was $1,000/lb.