For the week ended Friday, June 3, the spot price index for a pound of cannabis decreased 0.5% from $2,096 in the prior week to $2,086. The simple average price for a gram fell from $5.00 to $4.68.
The futures price for the near month (July) rose $25 to $2,150. For the month of August, the forward price rose from $2,150 to $2,200 a pound. The six-month forward price for December rose $75 to $1,725.
About two-thirds of the past week’s transactions occurred in a range of $1,575 to $2,675 per pound, according to the analysts at Cannabis Benchmarks. Looking at forward pricing trends the analysts had this to say:
[M]arket participants continue to anticipate this summer’s peak price to occur in August.  While high cooling and humidity control costs plague many indoor growers throughout the summer months, expenses associated with new pesticide testing protocols and regulations helped to shift the expected peak from August to September. These new mandated pesticide testing requirements in Colorado, Oregon, and Washington will be required anywhere from July-October this year and are expected to reveal that many cultivators and producers are noncompliant with new state standards.  This will reduce the amount of wholesale product entering markets and will cause prices to rise in those markets.
Implied forward prices are expected to reach their peak in August at $2,200 a pound, before dropping to $1,650 in November.
Our price check at MJCharts.com indicates prices range from $25 a gram to a low of $1 in the all-cities index. The all-cities index price is $12.23 per gram, up three cents compared with the prior week. The overall average price for a gram of marijuana (all strains) in Colorado is currently $11.41, ranging from a high of $25 a gram to a low of $1. In California the price is $15.26 per gram, ranging from $25 down to $5 per gram, while in Michigan the average price is $14.17 per gram in a range of $25 to $5. In Oregon the average is $10.75 per gram in a range of $25 to $1, and in Washington the average is $10.71 per gram, ranging from a high of $21 to a low of $1.
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