Companies and Brands
Marijuana Price Ticks Up to $1,904
Published:
Last Updated:
For the week ended Friday, March 25, the spot price index for a pound of cannabis rose fractionally from $1,901 in the prior week to $1,904. The simple average price for a gram also fell about 2.8% from $4.60 to $4.70.
The futures price for the near month (April) rose 2% from $1,965 to $2,010. For the month of May, the forward price remained unchanged at $2,000 a pound. The six-month forward price for September also remained unchanged at $2,200.
About two-thirds of the past week’s transactions occurred in a range of $1,541 to $2,510 per pound, according to the analysts at Cannabis Benchmarks. The analysts also commented on the forward price curve:
Stability in the Spot price over the past month appears to be driving some reduction in the proportion of forward transactions – and perhaps vice versa – as many buyers and sellers are satisfied with the current market. … Thus, the later months of the forward curve can be characterized as illiquid.  The uncertain impact and specific timing of required testing-related cost increases anticipated this summer, along with an inability to gauge the health and size of a fall harvest for which planting has not yet begun, is producing a preference for the stability and transparency of the current spot market.
24/7 Wall St.Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
