The U.S. Cannabis Spot Index declined 1.3% to $1,612 per pound.

The simple average (non­volume weighted) price decreased $15 to $1,926 per pound, with 68% of transactions (one standard deviation) in the $1,392 to $2,461 per pound range.

The average deal size increased 9.6% to 9.0 pounds this week, from 8.3 pounds last week. In grams, the Spot price was $3.55, and the simple average price was $4.25.

This week’s Transaction Stats are broadly in line with those of last week, with some minor shifts.

Outdoor product continues to be relatively scarce in both frequency and volume of observed deals. The number of deals for greenhouse flower as a percent of the total observed transactions fell 6% compared to last week. However, the proportion of the total observed volume traded constituted by greenhouse product remained largely steady, falling by only 2%.

The volume of indoor production as a percentage of the total observed weight moved this week rose by 3%, pushing it over the 50% threshold to account for more than half of the observed volume traded.

Forward Curve stable ahead of outdoor harvest. At $1,525 per pound, the October Forward represents a discount of 5.4% relative to the U.S. Spot Index.

This week’s distribution of forwards was 2% outdoor, 29% greenhouse and 69% indoor. The average forward deal was 15 pounds.

Forward arrangements for weekly and bi­weekly deliveries ranged from 0.25 to 30 pounds and averaged 6.2 pounds. Monthly deliveries ranged from 4 to 100 pounds and averaged 24.2 pounds.

Buyers and sellers reported forward deals in California, Oregon, Washington, Colorado, Arizona, Michigan, D.C. and Maine. The premium or discount to the U.S. Spot Index are illustrated in the table below.

The preceding report is a component of the Cannabis Benchmarks.® “Weekly Report”, published on September 23, 2016.

To view the entire free weekly report, contribute your transaction statistics, or subscribe to their “Premium Report” visit,

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