Cannabis Benchmarks Publish 2019 Annual Recap

Here’s the blurb…..Highlights from the 2019 Annual Chart Book:

  • In 2019, the U.S. Spot Index fell to its annual low in the spring and peaked in November, essentially the opposite of trends observed in each of the past three years.
  • Strong demand generally outpaced supply growth in most major legal markets, pushing up wholesale flower prices for much of 2019. Issues with product quality and reduced or still-developing production capacity in some markets also contributed to elevated wholesale rates.
  • Oregon’s market experienced a phenomenon in which wholesale flower prices rose for much of the year, even as hundreds of thousands of pounds of plant material sat unsold.
  • Increased demand for extracts and other infused products consumed plant material that might otherwise have been sold as flower in previous years. In Arizona’s medical market, for example, sales volume of extracts and concentrates increased by about 80% from 2018 to 2019, compared to an expansion of 35% in flower sales volume.

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