How much does weed cost
There is a lot of weed being smoked since 2016 when a report by “Arcview” stated that $53.3 billion dollars were spent on cannabis by North Americans. Since 2016 more states and even countries have stepped up to the legalization line and the 2017 number for the amount of weed purchased has increased by 33%. That’s a massive increase in weed purchasing and tax revenue. These numbers are based on the estimated total of legal and illegal weed sold in North America per year. Due to the massive shifts in the medical marijuana market, the price of marijuana is going down! So just how much does weed cost in your neighborhood.
How Much Does Weed Cost Where You Live?
As cannabis became legalized and people started hearing about the massive tax revenues being generated It really shocked people. No one realized just how much weed is getting smoked in North America. So, what does weed cost in your area? We would like to put together an international price index for medical marijuana as well as weed from the black market.
I live in Canada in sort of a pre-legalization limbo. In July 2018 cannabis will be legalized in all of Canada and the prices will change for sure. Currently, if I needed to order weed from a dealer or from a semi-legal online dispensary I would be paying about $240 per ounce of top-grade cannabis and about $200 per ounce for a mid-grade cannabis. I believe that’s near the top of the expensive weed scale, what do you think?
TIP: Always weigh your weed, it only takes a second and you’ll know if you are being ripped off instantly. A cheap digital scale will do just fine. If you are getting shorted find a new source, don’t confront your drug dealer! If it’s from an online source you can complain to the company and leave a bad review.
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Average Price for a Quarter of Weed
With more states and provinces legalizing cannabis more growers have come online and caused the prices of cannabis to fall in recent times. A report on Bloomberg.com states that the “the increasing supply of legal marijuana is turning into a major buzz kill for growers as prices plunge”. As more illegal growers convert their grows over to legal the amount of cannabis on the market is only going to grow.
It’s said that in Colorado or as I like to call it weed central that the price of wholesale weed has fallen an average of 48% to $1300 a pound for premium weed. How much does weed cost where you live?
California-based Arcview Group a cannabis investor consortium tells its members to expect cannabis prices to continue to fall and that this should be planned for in all new business plans for people growing as a business. As agricultural technology advances due to this new gold rush expect the cost of production to fall and the amount of production to keep rising and pressuring prices.
As we enter into 2018 several states have legalized to at least some degree and all of Canada will move to legalize weed by July 2018; we decided to look at how the cost of weed has been affected by the increased consumption rates.
Just like in real-estate it all comes down to location, location, location. If you are living in a very weed unfriendly state such as Kentucky, where a small-time dealer could catch 2 to 4 years for a simple weed deal the prices are high. There are risks, transportation issues and more middlemen involved in the transaction to get that weed to the state in the first place.
If you are lucky to live in and around Colorado where cannabis business has to fight and undercut their prices to gain customers the price falls substantially. The network of growers is large and built up so there is more capacity then need at this point. The same goes for California, they have more weed then they can sell which of course leads to low prices.
If you live in a place where medical cannabis is legal then you can likely get cannabis for even less money because medical cannabis is taxed less, then recreational. How much does weed cost in your state?
Remember I’m basing my price estimates off California and Colorado weed prices, not street prices.
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Weed Prices – Grams to Ounces
Remember like anything economies of scale are in play when buying cannabis. That just means that the more cannabis you buy at once the better deal you get on the price of that weed. Bigger buys mean smaller costs.
How Much Does a Pound of Weed Cost?
Lets just set the record straight here so people that aren’t from California or Colorado understand that you can’t just walk into a dispensary and order a pound of weed. There are restrictions and in both these states that restriction is one ounce per person per visit. You need to have a store, so you can buy from a wholesale producer. Out on the black market in most US states where cannabis is not legal the cost of a pound of weed is between $2000 to $4000 per pound depending on the quality of the product. On average expect to pay $2K to 3K per pound.
If you are wondering how a pound breaks down into grams of weed; there are 453.59 grams in a pound. So, make sure you weigh your weed and don’t get shorted on that half gram.
How Much Profit is in Selling a Pound of Weed?
Remember economies of scale, the larger portion you buy the cheaper the price. Let’s say you are going to sell a pound of weed and your going to sell it all in 1/8ths of an ounce. Depending on the selling price of an 8th in your area you could stand to make $6400 at $50/8th.
How Much Does a Half Pound of Weed Cost?
A half-pound of weed if you’re lucky enough to find it costs between $1200 and $1800 dollars depending on where you get it. As you buy less cannabis the price becomes less attractive, but even a half pound of weed can be broken down for big profits.
How Much Does an Ounce of Weed Cost?
Well, let’s get out or fingers and toes and do the math on this. If your average pound of weed costs $2000 per pound you can break that down into 16 ounces that comes out to be about $125 per ounce but on the black market, you would be looking at more like $160 to $180 per ounce.
How Much Does a Half Ounce of Weed Cost?
So, if we keep moving along with the simple math a half ounce of weed will cost between $80 and $100 dollars. Street costs would be more like $100 to $140 per half an ounce. You really do start to pay more with the smaller amount purchased. The more you buy the more you save. Remember you can store cannabis for very long periods of time.
How Much Does a Quarter of Weed Cost?
A quarter ounce of weed costs about $60 to $100 at a dispensary. On the streets, you would be looking at more like $80 per quarter ounce.
How Much Does an Eighth of Weed Cost?
OK, people get confused about what an 8th of weed is. An 8th of weed weights 3.5 grams and will run you between $25 to $35 dollars at a dispensary and an 8th ounce of weed on the street will cost about $40 to $50 bucks. Please leave a comment below if you pay another amount and include your location. I’d love to build a whole database of cannabis costs by region.
What’s the Average cost of an ounce of weed in the four states where weed is legalized or decriminalized which are Washington, Oregon, Colorado, and Alaska? In these states, the price of an ounce of weed has fallen below $300 per ounce where the nationwide average is $325 per ounce. In Colorado where there is more weed then can be smoked you can buy an ounce of weed for $240. How much does weed cost near you?
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How Much Does a Gram of Weed Cost?
Typically, a gram of weed is the smallest amount of cannabis you can buy. Since it’s the smallest amount the price is highest. A gram of weed will cost you between $10 and $12 per gram. How much does weed cost near you?
What is a Dime Bag?
A dime bag is a bag of weed for $10 dollars. The amount of weed you get in a dime bag is generally less than a gram but enough to roll one joint.
Buying weed using our cannabis price index will help you get the best quality weed for the money.
There are many factors affecting the cannabis price index which directly effects what weed really cost in your area. How much does weed cost in your location?
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We would love to hear from people about how much weed they buy and what you are paying for it where you live. Please help us out and post!