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If You’re A Weed Smoker, These Are The 10 Best US States For You To Live In

If you’re a pothead looking to relocate, the best places to continue your favorite pastime may surprise you.

Estately determined which states possess the most enthusiasm toward marijuanaВ based on each state’s marijuana laws, amount of regular users and the level of interest its citizens publicly expressed for sweet Jane.

The blog gave each state a score from 1 to 100 for the following five criteria:

1. The percentage of residents who reported smoking at least once in the last month, based on information provided by Substance Abuse and Mental Health Services Administration.

2. The average cost of high- and low-quality marijuana, with information provided by PriceofWeed.com.

3. The Google searches related to marijuana, as seen by Google Trends.

4. The legality of recreational or medicinal marijuana, as reported by Drug Policy Alliance.

5. The publicly expressed interested in marijuana-themed publications including High Times, Cannabis Now magazine, 420 magazine, Cannabis Culture and SKUNK Magazine, with info gathered fromВ Facebook user data.

All four states where recreational marijuana is legal (Colorado, Washington, Oregon and Alaska) earned scores of 100 for legality.

All states that legalized medicinal marijuana were only given scores of 66 for this same category, while states that have only decriminalized medicinal marijuana were given a 33.

If marijuana is completely illegal in your state, it earned a 0 for legality.

Here are the top 10 weed-friendly states.

1. Colorado

The first US state to legalize recreational marijuana, Colorado scored a 100 for amount of users, Google searches and legal status. Colorado also has the third most affordable marijuana in the country and the second most expressed interest in various marijuana publications on Facebook, resulting in a total score more thanВ 70 points higher than theВ number two state.

2. Washington

This famously progressive haven ranks as the 10th lowest for public expression of marijuana interest, but the amount of Google searchesВ is second only to Colorado. Washington’s marijuana is apparently the second cheapest in the country, and the state reportedly commands a respectable 81 users per capita.

3. Oregon

Public expression of marijuana interest was very low for this state, in addition to Google searches, which earned itВ a score of just 38 in the latter category. Oregon earned a score of 100, however, for affordability. Does this mean Oregonians can buy solid ounces for, say, $200?

4. New Mexico

This state’s high ranking is largely due to its score of 100 for publicly expressed interest and score of 72 for affordability. But just 7.19 percent of residents are regular users.

5. Maine

Where in the name of Bob Marley did that come from? Maine has the third highest amount of regular marijuana users in the US (over 10.2 percent of residents), and its Google searches comeВ in fourth place. Its marijuana is the 17th cheapest in the country, but that apparently worksВ just fine for that creepy guy who cranks out bestsellers every other month, aka Stephen King.

6. Michigan

Michigan has the 10thВ highest amount of marijuana users (7.95 percent of residents) but the third most Google searches. Its marijuana is the ninth cheapest, while publicly expressed interest is sixth in the nation.

7. Rhode Island

A whopping 10.8 percent of residents are regular users, and Google searches came in at number six, but residents seem a bit timid to publicly declare their love for marijuana, with the state scoring just 35 in this category. Prices are the 22nd cheapest with a score of 51, though this seems just a little higher than the average score for the US in general.

8. California

California has the fourth lowest prices, but just 6.97 percent of residents count themselves as regular users, which isn’t such a surprise considering this state is so big. But still, you have to wonder if these people even know they live in what may be the source of the best weed on the planet?

9. Vermont

Vermont senator and Democratic presidential hopeful Bernie Sanders claims to have only smoked pot a few times in college, but Vermont has the second highest amount of regular users in the country — an incredible 10.69 percent of local residents. Google searches are higher than 41 states, possibly due to residents trying to find cheap bud since prices are higher than all but 13 other states.

10. Arizona

Arizona doesn’t have many pot smokers, coming in at 15th with 6.61 percent of residents. It appears to have just made the top 10В primarily because of its fifth-ranked publicly expressed interest and 11th-ranked affordability.

Here’s the rest of the top 15.

11. Nevada

Users per capita: 29 Google searches: 49 Legal status: 66 Public interest: 45 Affordability: 68

12. Alaska

Users per capita: 64 Google searches: 53 Legal status: 100 Public interest: 26 Affordability: 3

13. Massachusetts

Users per capita: 74 Google searches: 32 Legal status: 66 Public interest 17 Affordability: 41

14. Montana

Users per capita: 55 Google searches: 38 Legal status: 66 Public interest: 33 Affordability: 36

15. Connecticut

Users per capita: 38 Google searches: 28 Legal status: 66 Public interest: 34 Affordability: 43

If you’re a pothead looking to relocate, the best places to continue your favorite pastime may surprise you. Estately determined which states possess the most enthusiasm toward marijuanaВ based on each state’s marijuana laws, amount of regular users…

The 10 Top-Selling Marijuana States in 2019

Five of these states should generate at least $1 billion in sales this year.

Even though it hasn’t exactly been the best year for marijuana stocks, cannabis is still projected to be one of the fastest-growing industries over the next decade. Worldwide weed sales have more than tripled, from $3.4 billion to $10.9 billion between 2014 and 2018, and Wall Street has forecast that sales will grow to between $50 billion and $200 billion by 2030.

Yet make no mistake about it: This growth story is all about the United States. Nearly all estimates on Wall Street suggest that the U.S. will account for a third to a half of all global sales by the end of the upcoming decade. That makes the U.S. the crown jewel of the cannabis movement.

Image source: Getty Images.

These states have fully embraced the green rush

However, we’re already seeing some impressive revenue totals being put up by a number of medical and recreationally legal U.S. states. According to estimates provided by Arcview Market Research and BDS Analytics in their 2019 State of the Legal Cannabis Markets report, there are five states expected to hit the psychologically important $1 billion sales mark in 2019 and 10 that’ll produce, at minimum, $298 million in estimated 2019 pot revenue. Let’s take a closer look at the 10 most important cannabis states, at least in 2019.

Listed in descending order by projected revenue, the top-selling marijuana states in 2019 are:

  1. California: $3.1 billion (not broken down into a recreational and medical component)
  2. Colorado: $1.6 billion ($1.3 billion recreational, $0.3 billion medical)
  3. Washington: $1.1 billion (not broken down into a recreational and medical component)
  4. Florida: $1 billion (all medical marijuana)
  5. Michigan: $1 billion (all medical marijuana)
  6. Nevada: $770 million ($700 million recreational, $70 million medical)
  7. Oregon: $752 million ($707 million recreational, $45 million medical)
  8. Arizona: $705 million (all medical marijuana)
  9. Massachusetts: $484 million ($250 million recreational, $234 million medical)
  10. Pennsylvania: $298 million (all medical marijuana)

You’ll note that Michigan is listed as entirely medical, despite the fact that it surprised everyone by opening its doors to adult-use weed sales on Dec. 1, 2019, about four months earlier than anyone expected. The State of the Legal Cannabis Markets was published many months before Michigan regulators made this decision, so that’s why you see only medical marijuana sales expected in the Wolverine State.

Image source: Getty Images.

Marijuana stocks are flocking to many of these states

Although not every state is inviting to privately held multistate operators (MSO), a number of these core markets are highly sought after by vertically integrated MSOs.

As you might imagine, pretty much every MSO wants its piece of the California market. MedMen Enterprises (OTCBB:MMNFF) , whose California locations have rivaled Apple stores in terms of sales per square foot, has opened up more than a dozen retail locations in the Golden State. Unfortunately for MedMen and its peers, it’s been anything but smooth sailing.

An aggregate tax rate that could be anywhere from 50% to 80%, by some estimates, continues to drive consumers back to black-market retailers. As a result, statewide legal sales between 2017 and 2019 are only expected to increase by a meager 3%. This is a big reason why MedMen’s sequential quarterly sales growth has slowed, and why the company has been losing money at an extraordinary pace.

Perhaps the most successful state-level market is Florida. The Sunshine State only issued vertically integrated operating licenses to a little over one dozen companies, but did so quickly enough to allow these businesses ample time to build up a sizable retail presence.

Trulieve Cannabis (OTC:TCNNF) , for example, has opened 40 stores in Florida and placed most of its emphasis on building its brand within the state. Even though Florida only allows the sale of medical marijuana, Trulieve has found plenty of success and is, hands down, the most profitable pot stock on the planet right now. With Florida potentially looking to legalize recreational cannabis in 2020, Trulieve’s existing retail presence puts it in good position to succeed.

Don’t overlook Nevada, either. Even though Nevada is only expected to generate the sixth-highest sales in 2019, by 2024, per-capita spending on cannabis is forecast to be the highest in the country (thanks, tourism!).

Nevada’s rapid ascent in the post-adult-use legalization environment is what encouraged Planet 13 Holdings (OTC:PLNH.F) to open up a retail shop like nothing we’ve ever seen before. The Planet 13 SuperStore just west of the Las Vegas Strip will span 112,000 square feet when complete and house everything from a consumer-facing processing center to a coffee shop and pizzeria. The experience Planet 13 can provide is unparalleled, and the fact that this single store is accounting for 9% of Nevada’s total weed sales is proof.

Image source: Getty Images.

Watch these states in 2020

Naturally, with the calendar just weeks away from changing over to a new year and new decade, attention is also being placed on a handful of states that could make some noise in 2020.

Michigan and Illinois are certainly worth keeping a watchful eye on given that the Wolverine State kicked off adult-use sales on Dec. 1, and the Land of Lincoln will do the same on Jan. 1, 2020. Both should be billion-dollar, top-10 markets by total sales in the U.S. by 2024, and vertically integrated MSOs have been particularly active of late in setting up shop in anticipation of these legalizations.

Illinois is a particularly interesting case given that all MSOs are limited to just 10 retail stores in the state and a vast majority of municipalities in the state aren’t allowing dispensaries to sell adult-use weed. This has all the makings of a supply deficiency that promotes black-market sales. I wouldn’t be in the least surprised if Illinois regulators aren’t forced to act to protect their legal industry.

I’d also expect Arizona to really come into focus in 2020. For those of you who may not recall, Arizona was the lone state in 2016 that wasn’t able to get its recreational marijuana measure (Proposition 205) approved. However, cannabis groups focused on legalization have really been devoting time in Arizona ahead of an initiative that’ll aim to legalize adult-use weed in 2020.

We’ve seen that the second time is often the charm when it comes to recreational legalization, as it was in California and Oregon. Thus, I’d look for Arizona to become a recreationally legal state in November and for pot businesses to set up shop in what could be a very lucrative cannabis state.

Five of these states should generate at least $1 billion in sales this year.