now this is good news, right? that the markets are paying attention to the commodity price of medicinal marijuana?! #normalizetolerance yet i always found $ and marijuana as medicine usually doesn’t work very well, except for those who have really no idea how marijuana works as medicine. yet, i still think this is a good thing overall.
For the week ended Friday, June 26, the spot price index for a pound of cannabis rose 1% to $1,717, compared with the prior week. The futures price for December 2015 rose to $1,350, up $100 from week-ago levels.
About two-thirds of the past week’s transactions fell in a range of $1,476 to $1,958 per pound, and about half of sales fell in the range of $1,600 to $1,900, according to the analysts at Cannabis Benchmarks. The volume-weighted average price in Colorado dropped by less than 4%, from $1,810 a week ago to $1,744 a pound last week.
In other marijuana industry news, sheriff’s departments in several California counties began an operation that was expected to last several days and lead to the seizure of as many as 100,000 marijuana plants, which could have yielded some 250,000 pounds of cannabis.
In Oregon, growers are urging state legislators to permit recreational…
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