U.S. Cannabis Spot Index down 3.1% to $1,637 per pound.

[Robrites]

​The simple average (non-volume weighted) price increased $45 to $1,986 per pound, with 68% of transactions (one standard deviation) in the $1,427 to $2,546 per pound range. The average deal size decreased 4% to 13.4 pounds this week, from 13.9 pounds last week. In grams, the Spot price was $3.61, and the simple average price was $4.38.

The mix of observed transactions was essentially unchanged from last week, with indoor deals decreasing 1% and greenhouse deals increasing 1%. The volume by weight of greenhouse flower increased 9% to 46%. This increase, combined with a nearly 11% decrease in the price of greenhouse flower - to $1,405 per pound, a new low - was the primary driver of the 3% decrease in U.S. Spot Index, which is currently $27 below the year-to-date low of $1,610 per pound, reached on August 5th.

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[MJPassion]

Ugh...

This is exactly what doesn't need to happen w cannabis but it seems inevitable that it will.

Lower a product to a commodity & it becomes nothing more than a profit machine for the super wealthy that can afford to edge the little guys out.

 

[chomsky]

Ugh...

This is exactly what doesn't need to happen w cannabis but it seems inevitable that it will.

Lower a product to a commodity & it becomes nothing more than a profit machine for the super wealthy that can afford to edge the little guys out.

Yep

 

[AeroKush102]

Supply and Demand, Quality vs Quantity, at what point are they speaking of, "the middle"???

 

[cryptop]

This happens every year, no? Seems a bit soon but I would be very confused if there wasn't a price decrease every fall. Then a steady increase starting around mid-late december?

 

[corky1968]

If you think it's bad now.

Wait until place like Colombia or Mexico get into legal mass production and start shipping to the USA.

You won't be able to compete. They'll grow under the free sun and be able to get cheap labor to do the work.

 

[AeroKush102]

If you think it's bad now.

Wait until place like Colombia or Mexico get into legal mass production and start shipping to the USA.

You won't be able to compete. They'll grow under the free sun and be able to get cheap labor to do the work.

Maybe I should go there now.

 

[Weird]

Ugh...

This is exactly what doesn't need to happen w cannabis but it seems inevitable that it will.

Lower a product to a commodity & it becomes nothing more than a profit machine for the super wealthy that can afford to edge the little guys out.

you forgot that after the little guy is pushed out and medicinal value actualized by science that it will become extremely expensive as medicine and much like the epipen for diabetics will be gouged to line the pockets of the .01%