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 real transaction data.

View Live Indices

Composite Indices

Broad market benchmarks aggregating data across all regional and category indices.

GCMI

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

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.

US_CA

California Index

The largest US cannabis market. Covers all product categories with deep transaction data.

US_CO

Colorado Index

One of the most mature legal markets. Strong wholesale and retail pricing data.

US_OR

Oregon Index

Known for outdoor cultivation and competitive pricing in flower and biomass.

US_MI

Michigan Index

Fast-growing market with strong demand-side pricing pressure.

US_OK

Oklahoma Index

High license density market with competitive supply-side dynamics.

International Indices

Pricing for major international cannabis markets with cross-border compliance tracking.

CA

Canada Index

Fully legal national market. Covers licensed producers, processors, and retailers.

CO

Colombia Index

Major supply-side market for biomass and extract exports to medical markets.

EU

Europe Index

EU-GMP certified product pricing across Germany, Netherlands, UK, and other medical markets.

Product Category Indices

Cross-geography pricing by product type, enabling category-specific benchmarking.

FLOWER

Flower Index

Dried cannabis flower across all grades — indoor, greenhouse, outdoor, and light-dep.

CONCENTRATE

Concentrate Index

Extracts, distillate, live resin, rosin, and other concentrate forms.

EDIBLE

Edible Index

Infused food and beverage products including gummies, chocolates, and drinks.

PREROLL

Pre-Roll Index

Pre-rolled joints and blunts across singles, multi-packs, and infused varieties.

How Indices Are Calculated

Data Sources

Index values are derived from real B2B transactions on the CanIDeal marketplace, supplemented by external market data sources. A minimum of 3 transactions is required before including data in any index calculation to ensure statistical relevance.

Update Frequency

Price snapshots are captured hourly. Full index recalculation runs daily at 2:00 AM UTC. OHLC (Open, High, Low, Close) data is available in hourly, daily, weekly, and monthly periods with 2 years of historical retention.

Composite Weighting

The GCMI and US_SPOT composite indices 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.

Market Drivers

Our 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) to provide context alongside raw price data.

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.