Companies and Brands
Marijuana Price Rises 2% to $1,595 a Pound
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For the week ended Friday, January 20, 2017, the spot price index for a pound of cannabis increased by 1.7% from $1,568 in the prior week to $1,595. According to the analysts at Cannabis Benchmarks, the simple average price for a gram increased from $3.82 to $3.95.
The futures price for the near month (February) remained unchanged at $1,625. For the month of March, the forward price also remained unchanged at $1,650. The six-month forward price (July) was also unchanged at $1,650 a pound.
About two-thirds of the past week’s transactions occurred in a range of $1,187 to $2,394 per pound.
This week the analysts commented on the widening wholesale price difference between medical and recreational marijuana:
Pricing for wholesale cannabis flower in medical markets diverged sharply from that sold in adult-use ones this week, with the former rising by just under 9% to the latter’s 3% decrease. The premium commanded by product designated as medical almost doubled week-over-week, to just under $400 from $208 last week. This despite a significant drop in overall pricing in California, the nation’s largest medical cannabis market by far, though the sizeable medical programs of Arizona, Nevada, and New Mexico all saw week-over-week price rises. Falling rates in the adult-use markets of Oregon and Washington were tempered somewhat by increased composite pricing in Colorado.
Indoor flower prices ranged from $893 to $3,400 per pound, while the median price was $1,475. Greenhouse flower prices ranged from $1,100 to $3,000 per pound, and the median price was $1,475. Outdoor flower prices ranged from $500 to $1,600 per pound; the median price was $1,100.
For a wide-angle look at the cannabis industry, see our report on the largest companies in the marijuana business.
Our price check at MJCharts indicates prices range from $25.00 a gram to a low of $4.00 in the all-cities index. The all-cities index price is $11.20 per gram, down six cents compared with the prior week. The overall average price for a gram of marijuana (all strains) in Colorado is currently $12.21, ranging from a high of $15.00 a gram to a low of $8.00. In California the average price is $14.04 per gram, ranging from $17.00 to $11.00 per gram, while in Michigan the average price is $13.33 per gram in a range of $20.00 to $10.00. In Oregon the average is $11.14 per gram in a range of $25.00 to $4.00.
Data for Washington state were not available this week. In the prior week, the average in Washington was $10.61 per gram, ranging from a high of $17.00 to a low of $4.00.
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