Companies and Brands
Marijuana Price Rises to $1,418 a Pound, First Increase in a Month
Published:
Last Updated:
For the week ended Friday, November 18, the spot price index for a pound of cannabis increased by 2.3% from $1,386 in the prior week to $1,418 — the first increase in four weeks after reaching a year-to-date low last week. According to the analysts at Cannabis Benchmarks, the simple average price for a gram slipped from $3.91 to $3.88.
The futures price for the near month (December) remained unchanged at $1,525. For the month of January, the forward price also remained unchanged at $1,625 a pound. The six-month forward price (May) continued unchanged at $1,725 a pound.
About two-thirds of the past week’s transactions occurred in a range of $1,260 to $2,264 per pound .
This week the analysts commented on recent price movements:
Indoor and greenhouse product increased their share of both relative frequency of deals and relative volume week-over-week. Gains made by warehouse flower were slight, increasing just 4% and 1% in terms of transactions and weight moved, respectively. Observed deals for greenhouse product rose by 3% compared to last week, but the relative volume of such flower traded as a percent of the total more than doubled. Consequently, field-grown product’s influence on the volume weighted average shrank, but remained significant as nearly 40% of the total observed weight moved consisted of such flower.
Indoor flower spanned from $1,190 to $3,000 per pound; the median price was $1,900.
Greenhouse flower spanned from $1,245 to $2,000 per pound; the median price was $1,500.
Outdoor flower spanned from $900 to $1,800 per pound; the median price was $1,225.
Our price check at MJCharts.com indicates prices range from $27.19 a gram to a low of $3.50 in the all-cities index. The all-cities index price is $12.22 per gram, down 4 cents compared with the prior week. The overall average price for a gram of marijuana (all strains) in Colorado is currently $11.42, ranging from a high of $25 a gram to a low of $3.50. In California the average price is $15.27 per gram, ranging from $27.19 down to $5.00 per gram; in Michigan the average price is $13.82 per gram in a range of $25 to $5; in Oregon the average is $11.39 per gram in a range of $25 to $4; and in Washington the average is $10.61 per gram, ranging from a high of $17.00 to a low of $4.00.
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
