Wholesale marijuana prices are still declining in some state-regulated markets, although they have performed better than expected overall during the past year, according to data shared by LeafLink and Cannabis Benchmarks.
As of March 2024, wholesale flower prices were up nearly 5% year-over-year across the 13 state markets tracked by New York-based wholesale cannabis platform LeafLink.
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The U.S. Cannabis Spot Index decreased by 8% in 2023 and rose by 1% to $1,024 per pound in April 2024 compared to the previous year, according to Cannabis Benchmarks, which shared data from 21 states.
Cannabis Benchmarks, a research and analysis company, is a division of Stamford, Connecticut-based New Leaf Data.
“I see prices stabilizing,” New Leaf Data CEO Jonathan Rubin said in an interview with
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