Everything has a price and a market. What makes pot interesting is the fact that it falls into multiple markets.
People who use marijuana regularly, typically have to buy it regularly too. In the United States you can buy weed in three different markets: legally, medically, and unfortunately, many still buy it on the black market. If you want to become part of marijuana culture it’s important to know how much pot is.
In the United States, you can buy recreational marijuana in Colorado, Washington, Oregon, and Alaska. Prices vary depending on quality of bud, and how available it is at the time. However, the average price in Colorado is $40 for an eighth of an ounce and $228 for the full ounce.
Washington on the other hand, has relatively lower prices than Colorado. Reports show that an ounce of high-quality weed is as low as $150 in central Seattle. Marijuana in Washington has experienced huge fluctuations in price from when the first recreational store opened in July of 2014 until now. Dropping from more than $30 per gram to an average of $12 for a gram of high-quality cannabis.
Medical weed, as a rule, will be more expensive depending on the state you are buying in. The price of bud is typically different from the price of concentrates like oils and waxes. If you are buying medical weed, expect to hand over anywhere from $250 to $400 for an ounce depending on the state and availability. Much like any commodity, marijuana prices change due to competition in the surrounding area.
In some countries such as Uruguay, where marijuana is completely legal to possess, sell, transport, and cultivate, dispensaries need to keep an eye on the black market prices. If their prices go too high, they will be unable to compete. Other countries where marijuana is legal, or largely decriminalized include Canada, Czech Republic, and the Netherlands.
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