How much does weed cost?

Rising inflation and rising prices feel inevitable right now. From the grocery store to the news to politicians’ campaign speeches, increased costs are on everyone’s mind these days. For those who enjoy cannabis recreationally or rely on its medicinal benefits, all this talk of rising prices may make you concerned about the price of weed.

As we did before reportedHowever, the price of cannabis does not increase with the rate of inflation. In fact, in some cases, it’s reaching astonishing lows. According to the latest data from Cannabis Benchmarks US Cannabis Spot Index“Both Colorado’s and California’s wholesale flower spot prices fell to new all-time lows this week as the outdoor crop is yet to fully hit the market.”

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This price drop might have you wondering what’s going on in the cannabis market. More importantly, you may be wondering exactly how much weed costs these days. But the answer is a bit tricky, mostly because it’s still illegal at the federal level. Each state sets its own marijuana guidelines, and the price of weed again varies from state to state.

On average acc OxfordTreatment.com, the national average for an ounce of high quality weed is currently $326, an ounce for medium quality weed is $266 and the national average price for a joint is $7.59. Against this background, prices are unlikely to rise in the coming months and could even fall further overall. But of course that all depends on where you live. Perhaps the best question to ask in these uncertain economic times is where weed is most expensive and where is cheapest.

Where is marijuana most expensive?

Topping the list as the most expensive place to buy weed in the United States is Washington DC, where noisy OxfordTreatment.coman ounce of quality weed costs $597.88.

Next on the list is North Dakota, where an ounce of the same weed costs $383.6, followed by Virginia, where it costs $364.89. “These are places where the use of marijuana is somewhat restricted: it’s illegal to buy in DC, it’s legal in North Dakota for medicinal purposes only, and in Virginia it’s not legal at any level,” the same said Side? site.

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To put it even more simply, while a joint costs $7.59 on average, in the nation’s capital you’re likely to pay nearly double that, at $13.92 a pop.

Where is marijuana cheapest?

What most weed enthusiasts really want is to know where to find the cheapest good weed in the country. If you’re looking for it, head west. The state with the lowest price for high-quality weed is Oregon, where an ounce of high-quality weed will set you back just $210.75, according to the same Oxford Treatment data. The second cheapest state to buy weed is another west coast state, Washington. Third on the list is Colorado, where an ounce of quality weed costs $241.74.

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All three of these states have legal medical and recreational cannabis. The markets in these states are just as established as the industry competition. That means there’s ample supply and competition, which likely contributes to these lower rates for high-quality cannabis.

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Why the price of weed is falling

One statistic that is baffling some who follow cannabis prices is why it appeared to be falling in the midst of the inflationary times of 2022. According to Andrew Livingston, director of business and research at Denver-based cannabis law firm Vicente Sederberg LLP, There are several reasons for this, including: “strong competition within the regulated market; high tax rates; the undercutting of prices by illegal or unregulated operators, including street vendors; and the natural growing pains that come with running a business in uncharted territory,” he told CNN.

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Everything from the illicit market to increased competition in established legal markets contributes to the low price of cannabis today. Also, unlike products that are skyrocketing in price, cannabis is still illegal at the federal level and is therefore not regulated in the same way.

As Zoë Plakias, Assistant Professor of Agricultural, Environmental, and Development Economics at Ohio State University said Courthouse Intelligence Service“If the restrictions on the sale of cannabis were lifted, if cannabis were legalized at the federal level, and we saw interstate trade, I think cannabis would look a lot more like other types of markets.” To this day, the price of weed will likely to be more unpredictable and vulnerable to many external factors.