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Cannabis Benchmarks US Wholesale Cannabis Spot Index & Report for August 11, 2017

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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.   

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Indoor flower spanned from $650 to $6,300 per pound; the median price was $1,950/lb.  

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.
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The U.S. Spot Index this week saw its most dramatic proportional movement in months, declining by almost 5%. Each individual grow type experienced a week-over-week drop in volume-weighted average rates, but the decrease in the composite price was driven primarily by an over 4% dip in rates for warehouse flower. Pricing for greenhouse product ticked downward slightly after being on the upswing for the prior two weeks.  
 
Read the full report here
Posted in Other on August 11 at 06:32 PM

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