Marijuana Price Index: January 2016

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Marijuana Price Index: January 2016

So… A lot has happened since the last MPI. Schwag ended up having the best month ever. The usual bottom dweller finished up the month a full $20 above the previous month's average. All the other cannabis grades, however, did not have such a good start to the New Year. In January, combined the Top Shelf and Mid-Grades were down a full $41 from their respective previous month's average. That is quite a drop — and either a good thing or a bad thing depending on whom you talk to.

To no one's surprise, New York is back in the top spot, along with Illinois and Florida slanging those $400 ounces. On the other end of the spectrum, Colorado has two popular strains for $120 per ounce, and Tennessee has something called ‘Commercial’ for the same price.

CURRENT OVERALL US MARIJUANA PRICE INDEX (/oz):

Year-to-date average - $298/oz    

Dec 2015 - $313/oz 

Jan 2016 - $298/oz (-$15)

CURRENT MJ PRICE INDEX: (by grade)

Top Shelf

Year-to-date average - $369/oz      

Dec 2015 - $392/oz 

Jan 2016 - $369/oz (-$23)

Mid-Grade

Year-to-date average - $259/oz     

Dec 2015 - $277/oz 

Jan 2016 - $259/oz (-$18)

Schwag

Year-to-date average - $117/oz     

Dec 2015 - $97/oz 

Jan 2016 - $117/oz (+$20)

 

(Source: High Times)