For the week ended Friday, December 9, the spot price index for a pound of cannabis increased by 3.5% from $1,442 in the prior week to $1,493. According to the analysts at Cannabis Benchmarks, the simple average price for a gram increased from $3.73 to $3.96.
The futures price for the near month (January) remained unchanged at $1,625. For the month of February, the forward price also remained unchanged at $1,650 a pound. The six-month forward price (June) was also stable at $1,725 a pound.
About two-thirds of the past week’s transactions occurred in a range of $1,304 to $2,293 per pound.
This week the analysts commented on the onset of winter and its impact on indoor grows:
Now that we are moving into winter and colder temperatures, it is easier for indoor growers to regulate their environments, allowing less loss to pest and environmental problems, as well as lowering the cost of production. This lower cost of production will also be accompanied in general by higher quality indoor product. This combination of higher quality product – coupled with the expected seasonal reduction in sales volume of sungrown flower – is anticipated to support the historical trend of slowly climbing prices throughout the winter and into the spring.
Indoor flower prices ranged from $1,100 to $3,200 per pound; the median price was $1,800. Greenhouse flower prices ranged from $900 to $2,000 per pound, and the median price was $1,695. Outdoor flower prices ranged from $500 to $2,250 per pound. The median price was $1,252.
Our price check at MJCharts 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 $12.18 per gram, down a penny compared with the prior week. The overall average price for a gram of marijuana (all strains) in Colorado is currently $11.43 ranging from a high of $25.00 a gram to a low of $3.50. In California the average price is $15.31 per gram, ranging from $27.19 down to $5.00 per gram, while in Michigan the average price is $13.72 per gram in a range of $25.00 to $5.00. In Oregon the average is $11.22 per gram in a range of $20.00 to $4.00, and in Washington the average is $10.61 per gram, ranging from a high of $17.00 to a low of $4.00.
Essential Tips for Investing (Sponsored)
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
