===>>GO TO THE STORE<<=== п»їU.S. Cannabis Spot Index January 13, 2023.
The U.S. Cannabis Spot Index increased 2.0% to $981 per pound.
The simple average (non-volume weighted) price decreased $32 to $1,232 per pound, with 68% of transactions (one standard deviation) in the $514 to $1,951 per pound range. The average reported deal size was nominally unchanged at 2.5 pounds. In grams, the Spot price was $2.16 and the simple average price was $2.72.
The relative frequency of transactions for indoor flower decreased 2%, while that of greenhouse flower rose 2%. Outdoor flower transaction frequency rose 1%.
The relative volume of indoor product rose 1%, while that of greenhouse flower fell 2%. Outdoor product’s relative volume increased 1%.
The U.S. wholesale spot cannabis price inched up $20 this week. For the past month the national spot price has hovered just over the all-time low of $950 per pound, set in mid-December 2022, as new, high population states begin legal sales and some undergo sudden price adjustments to align with neighboring legal states.
While wholesale cannabis prices in Massachusetts are being driven by fundamentals – selling product at lower and lower prices to service debt and move older inventory – it is fair to say that when Massachusetts sneezes, New England catches a cold. Witness the rapid and significant price drop in Rhode Island’s wholesale cannabis price in just one month following the state’s first legal adult use sales: wholesale spot cannabis price in Rhode Island fell 38.5%, matching Massachusetts spot deterioration week-to-week.
Pulling back from interstate dynamics, the fact that outdoor production can generate massive harvests for minimal production costs will also weigh on price, as will the inevitable price contagion that occurs when consumers buy low to get high; that is, when demand is primarily for outdoor product, forcing greenhouse and indoor growers to lower prices to compete.
There is literally no difference in soybean costs across the U.S. because the abundance of soybeans drove prices toward the cost of production. The cannabis market is likely to undergo the same price dynamics of other commodity markets: price convergence for efficiency, winnowing production methods toward the cheapest-to-produce product. Cannabis entrepreneurs might differentiate their product to get marginally higher prices, but at the end of the day, low production cost cannabis will dominate the market.
Commodity markets were developed initially in agrarian societies to allow producers to “discover” price by gathering with other producers and merchants and to smooth the movement of goods to consumers. In other words, the move to price transparency helped develop commodities markets wherein seasonal risk could be hedged and producers could get back to producing instead of worrying about selling and storing their crop. The cannabis industry needs to move quickly toward a commodity-style futures and options market where producers can hedge risk and stay in business when market dislocations of the kind noted above take place.
February 2023 Implied Forward unchanged at $975 per pound.
The average reported forward deal size was 80 pounds. The proportions of forward deals for outdoor, greenhouse, and indoor-grown flower were 42%, 40%, and 18% of forward arrangements, respectively.
The average forward deal sizes for monthly delivery for outdoor, greenhouse, and indoor-grown flower were 98 pounds, 67 pounds, and 67 pounds, respectively.
At $975 per pound, the February 2023 Implied Forward represents a discount of 0.6% relative to the current U.S. Spot Price of $981 per pound. The premium or discount for each Forward price, relative to the U.S. Spot Index, is illustrated in the table below.
This Week’s PREMIUM Report Headlines:
COLORADO.
Sales Continue to Soften as Prices Tank.
ARIZONA.
Adult Use Sales Climb as Medical Market Share Falls.
ILLINOIS.
Christmas in Illinois! December Sales Jump 10.3%
CALIFORNIA.
Overproduction Equals Lower Prices – Interview.
Content is provided “as is.” New Leaf Data Services, LLC., makes no guarantees or warranties as to the accuracy, completeness, timeliness or results to be obtained from accessing and using Cannabis Benchmarks ® data.
This publication may not be duplicated, distributed, or stored in a retrieval system, in whole or in part, in any form or by any means, without prior written permission and consent of New Leaf Data Services, LLC. 1-888-502-7298 |
www.CannabisBenchmarks.com |
support@CannabisBenchmarks.com.
Subscription Products.
Our subscription products include the Spot Price Snapshot each week, and for premium subscriptions individual state market pricing.
Some of the additional benefits include:
Critical Wholesale Price Data Detailed National & State Pricing National & State Data Tables and Charts Expert Editorial Analysis & Commentary Online viewing & downloadable PDF report Includes Spot Price Snapshot New interactive charts available with your subscription.
Looking for Canadian Spot Price Data?
Get started by joining our mailing list to receive free weekly spot index data delivered to you inbox.
Canada Cannabis Spot Index Trailing 8-Week U.S. Spot Index Summary U.S. Commentary & Analysis.
sellim weedmarijuana seeds for sale in louisianahalf a oz of weed pricehemp weed for salecannabis seed superstoreled lights for growing weed for salegelato sembawang shopping centrewhere can i buy weed in new jersey redditcheap outdoor cannabis seeds ukhow to get a medical marijuanas card in fl redditwhere to get weed matshisha electronic cigarettes wholesaledab rigs onlinenibo shisha shopmelbourne cbd 2 bedroom apartments for salemary jane weed storewhere to buy cookies weed in las vegasprice 1 8 weednorthern lights smoke shop enfield connecticuthow much weed can you buy in vacoffee shop sittard skunkweed seeds for sale ship to usabuy medical weed online kansashow to get a medical marijuanas card near new jerseyweed shop 3 tutorialblue dream seeds buywarehouse apartments for sale melbourne cbdbuy weed membrane onlinegod's gift weed shophello kitty weed pipe for saleweed grinders for salebuy weed killer near mebuying weed in albany nybuy marijuana online 3 0marijuana wallpaper bordermarijuana seeds for sale cincinnatibest thc vape shop onlinenorthern lights shopping center mattydale ny403 northern lights revisitedwt3100 weed eater for salebuy weed bags onlinemarijuana anonymous orange countymedical marijuana prices in louisianabuy glass pipe weedcheap nike skunk dunkshow to get a medical marijuana card in buffalo nymarijuana stores albuquerque new mexicomarijuana anonymous minneapolisbuy weed soho londonbuy marijuana rhode island Order marijuana online floridaMedicinal weed pricesHaze weed pricesWeed seed shop nl 1Terms for buying weedDab sets for saleBook shops melbourne cbdBillig shisha shopGanja shop youtubeStrain hunters seeds for saleWeed stocks to buy 2024 robinhoodBuy glass blunt pipeWeed shop 2 steam 1Hindu kush weed pricesDispensary kief pricesBlue dream weed price1 kg charas priceSmall site dab radioCbd farmers market new orleansMedical marijuana stores in durham regionTrinidad colorado weed shopBlunt power spray wholesaleWeed shop 2 stoned apk downloadBirkenstock store sydney cbdBuy medical weed online withoutCbd shopBottle shop cbd adelaideBangi lama land for saleMarlboro weed buyLowlife marijuana seeds for sale
Вход
Регистрация
FAQ
Поиск
