Analyzing the Commoditization of Cannabis Requires Context What is a Commodity? A commodity is anything that can be bought, sold, or traded on legal markets. Examples include: grains, metals, electricity, natural gas, foreign currencies, and financial instruments. Commodities can be bought and sold business-to-business and business-to-consumer. Additionally, the perceived value of the commodity – the price a business or consumer is willing to pay for a commodity or the value