The price of weed in the USA has been steady in recent years, but with more states legalizing recreational and medical marijuana use, we are seeing the marijuana industry boom. More dispensaries are opening and new innovative products are making their way to the shelves every day!
So how much does weed cost?
What determines its price?
Determining the Price of Weed
Many factors determine the price of weed. Costs per gram will vary depending on what kind of cannabis product you purchase, how much of it you buy and where you’re buying from.
Cannabis is usually sold by weight, in measurements of:
gram: 1 gram
eighth: 3.5 grams
quarter: 7 grams
ounce: 28 grams
pound: 448 grams
Availability and Supply
The price of weed is different in each state.
In the District of Columbia, an ounce of bud can cost up to $590 whereas, in California, it costs approximately $250. In Oregon, we see even lower prices for the same amount of weed, averaging at $200 per ounce.
The variations in supply account for this as areas with high marijuana production activity will usually have cheaper weed. On the contrary, areas with low cannabis availability will have higher prices for weed.
Legal States vs Illegal States
The legalization of recreational cannabis use will also affect the price of both legal and illegal cannabis in that state. In states where marijuana is not legal, the cost of weed will be higher because of the extra risk that comes with producing and selling.
In states where it is legal, you can expect to pay lower prices for street-quality weed, but it might be of lesser quality than what’s available at dispensaries. You may also find a difference between legal states, as some are new to legalized marijuana and some have been doing it for some time now. For example, Colorado's prices may have hit a plateau while other newer-legalized states are able to charge more.
Dispensary vs. Street Prices
Where you choose to buy your weed also determines how much you’ll pay. Dispensary prices will be much higher than weed street prices – this is because of markup and retail expenses such as wages and utilities.
Street prices for weed will vary between each dealer, but it averages at $10-$20 a gram (smallest increment sold) and an eighth will cost about $30-$40.
Additionally, an ounce of cannabis will cost around $250-$300 and a pound will run you around $2,000-$3,000
Not all weed costs the same, if you’ve ever visited your local dispensary, you’ll notice that some strains are more expensive than others. Strains with lower yields will cost more because they are more intensive and require more resources to grow. Additionally, higher-quality strains with higher potency usually grow in small batches, resulting in their higher price tags.
New Cannabis Products
There are new and innovative cannabis products currently on the market and they all vary in their price ranges.
Concentrates per gram will cost more than bud per gram because concentrates have higher THC levels per mg.
Cannabis edibles, which usually have around 10mg-150mg of cannabis per piece. The price per mg of cannabis in edibles is $0.17 to $0.23 making them more expensive than buying regular cannabis buds. Cannabis edibles are usually pricier because the price accounts for ingredient and labor costs.
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Cannasaver is a cannabis-centered site that offers new deals and discounts every day.
We currently operate in several states such as Colorado, Arizona, and California, but most of our deals are available in the Colorado area right now.Continue Reading