U.S. Cannabis Spot Index — July 5, 2019

U.S. Cannabis Spot Index — Published July 3, 2019

For Week Ending July 5, 2019

— Abbreviated Holiday Edition —

U.S. Cannabis Spot Index down 0.2% to $1,278 per pound.

 

The simple average (non-volume weighted) price decreased $12 to $1,455 per pound, with 68% of transactions (one standard deviation) in the $651 to $2,259 per pound range. The average reported deal size decreased to 2.5 pounds. In grams, the Spot price was $2.82 and the simple average price was $3.21.

 

The relative frequency of trades for indoor flower increased by 2% week-over-week. The relative frequencies of transactions involving greenhouse and outdoor product each decreased by 1%. Warehouse flower’s share of the total documented weight moved expanded by about 2%, while that for greenhouse product grew by roughly 4%. The relative volume of outdoor flower contracted by a corresponding proportion. 

January 2020 Forward initially assessed at $1,055 per pound.

 

The average reported forward deal size was unchanged at 49 pounds. 

 

At $1,150 per pound, the August Forward represents a discount of 10% relative to the current U.S. Spot Price of $1,278 per pound.

 

The premium or discount for each Forward price, relative to the U.S. Spot Index, is illustrated in the table below.

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Cannabis Benchmarks®, a division of New Leaf Data Services, LLC

5 July 2019.  Copyright © 2019 New Leaf Data Services, LLC.  All rights reserved

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