According to the Weekly Report from Cannabis Benchmarks, despite the simple average (non-volume weighted) price decreasing by $10 to $1,389 per pound, the United States Cannabis Spot Index was up 0.2% to $1,273 per pound for the week ending February 16th. Additionally, the average deal size increased 6.5% to 10.1 pounds from 9.4 pounds last week.
One interesting point to note is that the increase this week was due to rising recreational marijuana prices, not medical. Apart from Connecticut and Vermont, every state with only a medical cannabis market saw a week-over-week decline in its Spot Index. The volume-weighted average price for flower designated as medical in California also decreased slightly.
For more insight on this week's marijuana price fluctuations and market conditions, be sure to check out the full weekly report from Cannabis Benchmarks here. 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, and Instagram!