Marijuana Price Slips to $1,465 a Pound

For the week ended Friday, December 16, the spot price index for a pound of cannabis decreased by 1.9% from $1,493 in the prior week to $1,465. According to the analysts at Cannabis Benchmarks, the simple average price for a gram decreased from $3.96 to $3.89.

The futures price for the near month (January) fell from $1,625 to $1,575. For the month of February, the forward price also declined, from $1,650 to $1,600 a pound. The six-month forward price (June) remained unchanged at $1,725 a pound.

About two-thirds of the past week’s transactions occurred in a range of $1,259 to $2,270 per pound.

This week the analysts commented on the price premium for medical marijuana:

Prices for product designated as medical maintained their premium over that destined to be sold to general consumers for the second consecutive week, reestablishing the pattern observed prior to late November, when rates for adult-use product gained ascendancy temporarily. The recreational / adult-use markets of Colorado, Oregon, and Washington State all saw price declines this week. Rates were up in virtually all states with legal medical cannabis markets, though it should be noted that small declines observed in two of the larger medical cannabis states, California and Arizona, resulted in a marginal decrease in prices for medical product overall.

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Indoor flower prices ranged from $949 to $3,200 per pound, and the median price was $1,800. Greenhouse flower prices ranged from $900 to $3,200 per pound, while the median price was $1,662. Outdoor flower prices ranged from $500 to $2,250 per pound; the median price was $1,200.

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 $12.14 per gram, down four 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 $25.00 a gram to a low of $3.50. In California the average price is $15.38 per gram, ranging from $27.19 down to $5.00 per gram, while in Michigan the average price is $13.65 per gram in a range of $25.00 to $5.00. In Oregon the average is $11.12 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.

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