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Cannabis Benchmarks U.S. Spot Index Report for February 14, 2025 The U.S. Spot Index increased by 3.1% to $952 per pound this week. The New Hampshire Cannabis Spot Index increased by 4.9% per pound this week. This is highest the state index has been since last November. In 2025, the state composite average per pound price is up 12% from the 2024 average. The Montana Cannabis Spot Index increased by 5.9% per pound this week, the highest valuation since early November 2024. Transactions for indoor flower wholesaled as both bulk flower and prepackaged flower products had large volume weighted price increases this week, by 8.0% and 11.8%, respectively. The Michigan Cannabis Spot Index hit its highest level of the year, climbing 8.1% per pound. The rise in the state composite price was driven by a 4.9% gain for indoor grown flower and an increase of 5.5% for outdoor grown flower. Recent reports of legislation being considered to introduce a wholesale excise tax have been met with pushback from state industry groups. Tax structures such as this often result in the costs being passed on to the consumer, and those against the potential change site their concerns over recreational users reverting to the illicit market in response. For the full weekly report and more, visit us at www.cannabisbenchmarks.com