The Price of Pot: Comparing Marijuana Prices Across the US
The price of marijuana varies across different markets depending on a number of factors. Legalization has an impact on price, as does the cost of living and the availability of supply. A recent study compares the cost of marijuana across multiple markets, including 13 U.S. cities.
The study was conducted by the hydroponic device manufacturer Seedo. Called the 2018 Cannabis Price Index, it includes legal, partially-legal, and illegal markets. Seedo used a combination of crowdsourced surveys and data from the United Nations Office on Drugs and Crime’s World Drug Report to compile their list.
The most expensive pot price per gram in the U.S. is found in the partially-legal market of Washington D.C., where a gram runs $18.08. However, it is just over half the price of the world’s most expensive per gram rate, $32.66, in Tokyo, Japan.
The best price per gram according to the index is $7.58, which can be found in the fully-legal market of Seattle. Despite the low prices for legal marijuana, Seattle residents have among the lowest rates of consumption in the nation – 6.39 metric tons annually, compared to Houston’s 20.89 metric tons or New York’s 77.44 metric tons per year.
Based on the results of the index, the going rate of marijuana per gram in the U.S. is around $10. New York, Dallas, and Houston all have prices in the $10-$11 range; Boston, Philadelphia, and Chicago are slightly higher in the $11-$12 range; while Phoenix, Miami, San Francisco, Los Angeles, Denver, and Seattle are all under $9.50 per gram.