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How Much Does Legal Cannabis Cost in the United States?

Accepted submission by takyon at 2016-02-06 06:54:11
Business

An analysis by Perfect Price [marketwatch.com] has compared the cost of cannabis in different U.S. states and cities:

Oregonians can consume legal weed without emptying their wallets. The Beaver State is home to the lowest average price of dispensary cannabis at $214 an ounce, according to an analysis by Perfect Price, a company that tracks the prices of a variety of goods including groceries, cleaning supplies and cannabis. The company looked at menu prices for cannabis flowers from about 6,000 dispensaries in six states with more than 200 dispensaries: Oregon, Colorado, Washington, Arizona, California and Michigan.

Medical marijuana is legal in 23 states while cannabis for recreational use is legal in Colorado, Washington, Oregon, Alaska and the District of Columbia. Though nearly half the country has legalized marijuana in some form, not every legalized state has fully operating dispensaries. Strict regulation and registration processes can often delay operations after a state has decided to legalize the sale of cannabis. [...] As the recreational market begins to mature over the next three years, prices are expected to drop below $150 an ounce, according to economics consulting firm ECONorthwest.

[...] Colorado and Washington, which both have fully operational recreational markets, are the second and third cheapest at $225 and $238 an ounce, respectively. [...] The other two states included in the study, Arizona and California, had average dispensary prices of $290 and $299 an ounce, respectively.


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