Index Methodology
14 Market Indices
CanIDeal tracks cannabis pricing across 14 purpose-built indices — 2 composite benchmarks, 5 US state-level markets, 3 international regions, and 4 product categories. All indices are calculated from verified transaction data.
Composite Indices
Broad market benchmarks aggregating data across all regional and category indices.
Global Cannabis Market Index
The flagship composite index — a weighted average of all active indices providing a single measure of the global cannabis B2B market.
US Spot Index
Composite of all US state-level indices, weighted by transaction volume. The primary benchmark for US domestic pricing.
US State Indices
State-level pricing based on transactions within each legal market.
California Index
The largest US cannabis market. Covers all product categories with deep transaction data.
Colorado Index
One of the most mature legal markets. Strong wholesale and retail pricing data.
Oregon Index
Known for outdoor cultivation and competitive pricing in flower and biomass.
Michigan Index
Fast-growing market with strong demand-side pricing pressure.
Oklahoma Index
High license density market with competitive supply-side dynamics.
International Indices
Cross-border pricing for major cannabis markets with compliance tracking.
Canada Index
Fully legal national market. Covers licensed producers, processors, and retailers.
Colombia Index
Major supply-side market for biomass and extract exports to medical markets globally.
Europe Index
EU-GMP certified product pricing across Germany, Netherlands, UK, and other medical markets.
Product Category Indices
Cross-geography pricing by product type for category-specific benchmarking.
Flower Index
Dried cannabis flower across all grades — indoor, greenhouse, outdoor, and light-dep.
Concentrate Index
Extracts, distillate, live resin, rosin, and other concentrate forms.
Edible Index
Infused food and beverage products including gummies, chocolates, and drinks.
Pre-Roll Index
Pre-rolled joints and blunts across singles, multi-packs, and infused varieties.
Methodology
How Indices Are Calculated
Data Sources
Index values are derived from verified B2B transactions on the CanIDeal marketplace, supplemented by supplier-submitted pricing data and external market sources. A minimum of 3 transactions is required before including data in any index calculation.
Update Frequency
Price snapshots are captured hourly. Full index recalculation runs daily at 2:00 AM UTC. OHLC data is available in hourly, daily, weekly, and monthly periods with 2 years of historical retention.
Composite Weighting
GCMI and US_SPOT use transaction-volume weighting — markets with more active trading have proportionally greater influence on the composite value. This prevents low-liquidity markets from disproportionately affecting the benchmark.
Confidence Scoring
Each index carries a confidence score based on transaction volume, data freshness, and source diversity. Low-confidence indices are flagged to prevent false precision. Indices with fewer than 3 data points display as "insufficient data" rather than showing potentially misleading values.
Market Drivers
AI identifies and categorizes factors affecting each index — regulatory changes, supply disruptions, seasonal patterns, and demand shifts. Each driver is rated by severity (critical, high, medium, low) and direction (bullish, bearish, neutral).
Limitations
Indices reflect available transaction data and may not capture all market activity. Emerging markets with low transaction volume may exhibit higher volatility. International indices are influenced by currency fluctuations and regulatory differences across jurisdictions. All pricing is anonymized and aggregated — no individual transaction or supplier is identifiable.
Related
Global Cannabis Pricing Table
Wholesale and retail reference prices across 147 jurisdictions with EU-GMP, GACP, and organic certification filtering.
Track Every Index — Free
All 14 indices are available at no cost. Set price alerts, explore historical data, and get AI-powered analysis by creating a free account.