How much to sell weed for
- With a total of 156, Los Angeles (USA) has the most headshops .
- Madrid, Spain has the largest amount of growshops, with a total of 68.
- Tokyo, Japan has the most expensive cannabis , at 32.66 USD per gram, while Quito, Ecuador has the least expensive marijuana , at 1.34 USD per gram.
- Based on the average US marijuana tax rates currently implemented, New York City could generate the highest potential tax revenue by legalising weed , with 156.40 million USD per year. New York City also has the highest consumption rate of cannabis, at 77.44 metric tons per year.
Results are also available in Euros and British Pounds upon request.
Berlin, Germany, 20/04/2018 – ABCD, a data-driven media campaign outlet, has released new data which reveals the number of marijuana head and growshops in 120 cities around the world. This research, which builds on the 2018 Cannabis Price Index released earlier this year, reveals which locations around the world are ready to embrace cannabis legalisation. The aim of the study is to illustrate the continuous need for legislative reform on cannabis use around the world, and to determine if there are any lessons to be learned from those cities at the forefront of marijuana legalization. By including extra data on the number of head and growshops in each city, this new research can be utilized to indicate which cities are prepared for an imminent cannabis reform, while also highlighting which cities are in opposition of marijuana legalisation.
The initial study began by selecting 120 cities across the world, including locations where cannabis is currently legal, illegal and partially legal, and where marijuana consumption data is available. Then, they looked into the price of weed per gram in each city. To calculate how much potential tax a city could make by legalising weed, ABCD investigated how much tax is paid on the most popular brand of cigarettes, as this offers the closest comparison. They then looked at what percentage marijuana is currently taxed in cities where it’s already legalised in the US.
ABCD decided to conduct the extra research in order to to further the discussion around the medical and recreational use of cannabis, and the potential industry and business opportunities that would follow legalisation. By identifying the number of headshops as well as growshops, this study serves as an indicator to a city’s existing cannabis infrastructure and willingness to accept such reform on a larger scale. As an indicating factor, the more head shops and grow shops a city has, the more positive their state’s and general public’s attitude towards the cannabis-related industry is likely to be.
The table below reveals a sample of the results for the 13 US cities featured in the study:
|#||City||Legality||Price per gram, US$||Taxes of cigarettes, % of the most sold brand||Total possible tax collection, if taxed at cigarette level, mil US$||Total possible tax collection, if taxed at average US marijuana taxes, mil US$||Total Consumption in metric tons||Number of Headshops||Number of Growshops|
The table below shows the top 10 most and least expensive cities for cannabis :
|#||City||Country||Legality||Price per gram, US$|
|#||City||Country||Legality||Price per gram, US$|
N.B. These tables are a sample of the full results. To find the complete results for all 120 cities, please see the bottom of the page.
The table below shows the top 10 cities who could generate the most potential tax by legalising cannabis, if taxed at the same rate as the most popular cigarette brand:
|#||City||Country||Legality||Price per gram, US$||Taxes of cigarettes, % of the most sold brand||Total possible tax collection, if taxed at cigarette level, mil US$|
N.B. % of cigarette tax refers to the tax percentage on the most popular brand. Possible tax revenue refers to the total possible tax collection per year, if taxed at cigarette level. For a full explanation of how the study was conducted, please see the methodology at the bottom of the page.
The table below shows the top 10 cities who could generate the most potential tax by legalising cannabis, if taxed at the average US marijuana tax rate:
|#||City||Country||Legality||Price per gram, US$||Total possible tax collection, if taxed at average US marijuana taxes, mil US$|
N.B. Possible tax revenue refers to the total possible tax collection per year, if taxed at average US marijuana tax rate.
The table below shows the top 10 cities with the highest and lowest consumption of cannabis, per year:
|#||City||Country||Legality||Price per gram, US$||Total Consumption in metric tons|
|#||City||Country||Legality||Price per gram, US$||Total Consumption in metric tons|
|2||Santo Domingo||Dominican Rep.||Illegal||6.93||0.16|
N.B. Total consumption is calculated per annum.
“The way that the legalised cannabis industry is rapidly evolving alongside new technologies shows how innovative emerging tech companies are today.” says Uri Zeevi, CMO at Seedo. “Take the way that cannabis and cryptocurrency have joined forces, with examples such as HempCoin or nezly, which manage processes and payments in the new marijuana industry. When you consider too the potential that these new technologies have to disrupt the cannabis industry, there’s no denying that these are very exciting times.”
“At Seedo, we’ve built technology that helps regular smokers to grow cannabis plants of the utmost quality from the comfort of their own home, avoiding pesticides and taking ownership of their personal supply.” says Uri Zeevi, CMO at Seedo. “We believe that by understanding the cost of weed around the world, we can help to educate smokers about the potential financial benefits of hydroponic growing technology.”
“That illegal cannabis use is so high in countries that still carry the death penalty, such as Pakistan and Egypt, those in power ought to see how desperately new legislation is needed.” comments Uri Zeevi, CMO at Seedo. “By removing the criminal element from marijuana, governments will then able to more safely regulate production, take away power from underground gangs, and as we’ve shown in this study, generate huge tax revenues.”
Publishers are allowed to publish this data and graphics; we kindly ask that you give credit to the source: Seedo
Do not hesitate to reply to this email for any further inquiries.
Spokespeople from Seedo are available for phone and radio interviews.
Please contact [email protected] for further information.
About “Seedo” : Seedo is a fully automated hydroponic growing device which lets you grow your own medicinal herbs and vegetables from the comfort of your own home. Seedo controls and monitors the growing process, from seed to plant, while providing optimal lab conditions to assure premium quality produce year-round. Seedo’s goal is to simplify the growing process, making it accessible for everyone, without compromising on quality.
The full results of the 2018 Cannabis Price Index:
|#||City||Country||Legality||Price per gram, US$||Taxes of cigarettes, % of the most sold brand||Total possible tax collection, if taxed at cigarette level, mil US$||Total possible tax collection, if taxed at average US marijuana taxes, mil US$||Total Consumption in metric tons||Number of Headshops||Number of Growshops|
|88||San Jose||Costa Rica||Partial||7.23||69.76||7.84||2.11||1.56||0||1|
|91||Santo Domingo||Dominican Rep.||Illegal||6.93||58.87||0.67||0.21||0.16||1||0|
|106||Cape Town||South Africa||Illegal||5.82||48.8||2.47||0.95||0.87||12||4|
|109||Rio de Janeiro||Brazil||Partial||5.11||64.94||28.82||8.33||8.69||14||2|
- New York City, USA has the highest consumption rate of cannabis , at 77.44 metric tons per year.
- Boston, USA has the most expensive cannabis of all the cities where it’s legal , at 11.01 USD, while Montevideo, Uruguay has the least expensive at 4.15 USD.
- While Tokyo, Japan has the most expensive cannabis of all cities where it’s illegal, at 32.66 USD, Jakarta, Indonesia has the least expensive at 3.79 USD, despite being classed as a Group 1 drug with harsh sentences such as life imprisonment and the death penalty.
- For cities where cannabis is partially legal, Bangkok, Thailand has the most expensive at 24.81 USD, while Quito, Ecuador has the least expensive at 1.34 USD.
- Bulgaria has the highest tax rates for the most popular brand of cigarettes, at 82.65%, while Paraguay has the lowest, with rates of 16%.
- Cairo, Egypt would gain the most revenue in tax if they were to legalise cannabis and tax it as the same rate as cigarettes, at 384.87 million USD. Singapore, Singapore would gain the least, at 0.14 million USD, due in part to the city’s low consumption of marijuana at 0.02 metric tons per annum.
- Based on the average US marijuana tax rates currently implemented, New York City could generate the highest potential tax revenue by legalising weed, with 156.4 million USD per year . Singapore, Singapore would gain the least, at 0.04 million USD.
Selection of the cities: To select the cities for the study, Seedo first looked at the top and bottom cannabis consuming countries around the world. Then they analysed nations where marijuana is partially or completely legal, as well as illegal, and selected the final list of 120 cities in order to best offer a representative comparison of the global cannabis price.
How much to sell weed for With a total of 156 , Los Angeles (USA) has the most headshops . Madrid, Spain has the largest amount of growshops, with a total of 68. Tokyo, Japan
Marijuana Sizes and Prices
Do you know enough about marijuana prices and the amount you can buy at one time? This is your guide to making good purchases when you visit your marijuana dispensary.
When you walk into a dispensary, do you ask for $20, $40, or $100 dollars worth of marijuana? Are you supposed to ask for marijuana by weight? How do you know if you are getting your money’s worth?
Most marijuana dispensaries use a standardized measuring system to weigh out the marijuana you purchase. Today, you’ll learn the increments in which marijuana is sold, what marijuana prices you should expect to pay, and other factors that can affect your final marijuana purchase price.
Marijuana Flower Amounts
Marijuana purchasing amounts have been largely standardized in dispensaries. When purchasing marijuana flower from a dispensary, it will typically be sold in either fractions of an ounce or in grams.
- 1G = 1 gram
- ⅛ ounce = 3.5 grams
- ¼ ounce = 7 grams
- ½ ounce = 14 grams
- 1 ounce = 28 grams
In some instances, a dispensary may round an “eighth” up to 4 grams or promote a 5 gram eighth on certain days to drive traffic to their shop.
How Much Marijuana Should I Buy?
In most legal states, you can purchase and carry up to one ounce of marijuana flower at a time.
Many new users are curious how much marijuana flower they will need each day. This will depend entirely on how much and how often you will want to smoke. Do you just need it a once or twice a day? Or will you be smoking often throughout the day? The answer to this question often comes as you build experience with the plant.
Depending on the experience of a user, a gram can last anywhere from a single session to a day or more. Start off small – you can always visit the shop again.
*Remember, you can’t bring marijuana over state lines, so if you are traveling, only buy what you know you will need during your trip.
Currently (January 2018), you will find cannabis for sale at the following prices. These prices will vary depending on your location, the individual dispensary, the quality of the cannabis, and the taxes that need to be paid. Most often, the more you buy, the less you will pay per gram in total.
Typical marijuana prices:
- One Gram : $7-$20
- Eighth : $30-$60
- Quarter : $50-$120
- Half Ounce : $100-$225
- Ounce : $170-$375
What Affects Marijuana Pricing:
When shopping for marijuana flower, there are a number of factors that may affect pricing to keep in mind.
Potency : One of the main influences on marijuana prices you pay is how potent the marijuana is. As a general rule, the higher a percentage of cannabinoids like THC and CBD in a sample of marijuana flower, the more expensive it will be. Potency can be linked to a strain’s genetics, and some marijuana strains are naturally more potent than others. It can also be linked to how well a strain is grown. Many dispensaries can provide you with independent lab testing results showing potency for individual strains they are selling.
Freshness : Another factor affecting marijuana prices will be its freshness. Older, drier marijuana will lose some of its fragrance, flavor, and even potency as terpenes and cannabinoids begin to break down from exposure to the environment around it. THC, the psychoactive compound in marijuana, degrades to CBN through decarboxylation, making it less potent. You can often determine freshness by smelling and visually inspecting marijuana flower. Fresh, carefully stored marijuana should be fragrant and smell fresh.
Quality of buds : Finally, the overall quality of the marijuana buds themselves can affect how much you pay. If a strain is mostly larger, thumb sized buds, it can command a higher price. Popcorn buds or smaller will often see a reduction in price. How well a strain is trimmed can also affect price since excessively leafy buds can negatively affect the smoke.
Often, dispensaries will categorize their offerings by “shelf”, taking the above factors into consideration. Top shelf signifies a premium product which will command a higher price, while bottom shelf denotes a lower quality product which will be offered at a discount price.
State and local marijuana taxes will also affect the final price of marijuana flower in a legal dispensary.
Recreational marijuana states have added specialized marijuana taxes to all purchases.
- California: 15% sales tax, $2.75–$9.25 cultivation tax per ounce.
- Oregon: 17% sales tax
- Washington: 37% sales tax
- Nevada: 15% sales tax
- Colorado: 15% excise tax, 10% sales tax
- Alaska: $50/ounce
- Maine: 10% sales tax
- Massachusetts: 3.75% sales tax
These taxes may exist along with standard retail sales tax, excise taxes, and any local taxes that are added, which can significantly drive up final costs to users. According to the Tax Foundation , consumers in Colorado may face up to 5 taxes:
- 15 percent excise tax
- 10 percent state tax on retail marijuana sales (falling to 8 percent as of July 1, 2018)
- 2.9 percent state sales tax
- local sales taxes (the average rate in Colorado is 4.6 percent)
- local excise taxes on marijuana, such as the 3.5 percent tax in Denver
Some states also levy a tax on medical marijuana. California has added a 15% sales tax on all cannabis sales, including medical marijuana. Similarly, the following states have added taxes to medical marijuana.
- Arizona : 6.6% medical marijuana sales tax
- Colorado : 2.9% generic sales tax
- Hawaii : 4.5% generic excise tax on Oahu; 4% generic excise tax everywhere else
- Illinois : 1% sales tax under the state’s pharmaceutical rate; 7% privilege tax paid by sellers and growers
- Maine : 5.5% medical marijuana sales tax
- Nevada : 2% medical marijuana excise tax
- New Jersey : 7% generic sales tax
- New York : 7% medical marijuana excise tax
- Pennsylvania : 5% medical marijuana excise tax
- Rhode Island : 7% generic sales tax; 4% medical marijuana surcharge paid by the seller
- Washington, D.C. : 5.75% generic sales tax
Getting Started with Marijuana
You can find all the information you need about marijuana, including how to get a medical marijuana card, how to grow your own cannabis at home, and which strains are the most popular on our Cannabis 101 page .
Marijuana sizes and prices vary depending on multiple factors. Click to read about what can affect the price of cannabis and about common marijuana sizes.