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U.S. Cannabis Price Per Pound Rises for Christmas

December 28, 2017

 

Cannabis Benchmarks recently released its Weekly Report for the week ending December 22nd, 2017. As we can see in the chart they've provided, the spot price-per-pound of cannabis in the United States experiences a slight bump leading into Christmas.

 

While the volume weighted average price of cannabis inched up about 2% to finish the week at $1,431 per pound, the simple average (non-volume weighted) price increased $89 to $1,691 per pound. "In grams, the Spot price was $3.15, and the simple average price was $3.73."

 

This holiday bump in prices was also seen leading into the week of April 20th, a.k.a. 4/20, which is a sign of the spike in demand experienced by cannabis retailers when a larger number of people are celebrating

 

For more in-depth and state-specific cannabis market insights, be sure to subscribe to Cannabis Benchmarks' Premium Weekly Report. To stay up to date with important developments in the cannabis industry, be sure to subscribe to one or more of our free email newsletters. Also, connect with The Daily Marijuana Observer on Facebook, Twitter, StockTwits and Instagram!

 

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