Marijuana Price Index: July 2016

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Marijuana Price Index: July 2016

All grades of cannabis finished July well below their June averages. The overall U.S. marijuana price index experienced a huge drop, down $26 from last month’s average. The mid-grade price index, which has been on a rollercoaster ride for most of 2016, dropped a whopping $16. The schwag grade was not far behind, down a full $15 from its June average.

Tennessee takes top honors for the most expensive weed in the nation. On the flip side, Alaska and Maine with their $200 ounces had the cheapest reported ounce prices for the month of July.

CURRENT OVERALL US MARIJUANA PRICE INDEX (/oz):

Year-to-date average - $307/oz        

June 2016 - $328/oz 

July 2016 - $302/oz (-$26)

CURRENT MJ PRICE INDEX: (by grade)

Top Shelf

Year-to-date average - $373/oz             

June 2016 - $378/oz 

July 2016 - $374/oz (-$4)

Mid-Grade

Year-to-date average - $263/oz          

June 2016 - $281/oz 

July 2016 - $265/oz (-$16)

Schwag

Year-to-date average - $112/oz           

June 2016 - $110/oz 

July 2016 - $95/oz (-$15)

 

(Source: High Times)