For the week ended Friday, January 15, the spot price index for a pound of cannabis decreased by $23 (about 1%) from $2,043 in the prior week to $2,020. The simple (non-volume-weighted) average price for a gram fell by five cents from $4.84 to $4.79.

The futures price for February rose from $1,925 to $2,000 on the near-month contract. For the month of March, the forward price rose to $2,020 a pound. The six-month forward price for July also remained unchanged at $2,150.

About two-thirds of the past week’s transactions occurred in a range of $1,667 to $2,680 per pound, according to the analysts at Cannabis Benchmarks. The analysts also commented on the forward price curve:

With prices anticipated to fluctuate by several hundred dollars ahead of the annual 4/20 festivities, the April Forward price increased to meet the May Forward. 2015 saw average April prices rise as much as $800 per pound between the first and third weeks of April, with prices declining almost the same amount by the first week of May.

Our price check at MJCharts.com indicates prices range from $25 a gram to a low of $4 in the all-cities index. The all-cities index price is $10.46 per gram, down seven cents from last week. The overall average price for a gram of marijuana (all strains) in Colorado is currently $11.13, ranging from a high of $12 a gram to a low of $8. In California the price is $15.27 per gram, ranging from $25 down to $6 per gram, while in Michigan the average is $16.43 per gram in a range of $20 to $10. In Oregon the average is $10.25 per gram in a range of $20 to $4, and in Washington the average is $11.09 per gram, ranging from a high of $15 to a low of $6.

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