As long as cannabis has been sold globally, its cost has varied from country to country, town to town, and even supplier to supplier. However, never has there been a more turbulent time in its pricing than now.
There are currently over thirty countries where medical use is legal and over thirty countries where recreational use is decriminalized or tolerated in some form. In the United States, ten states and the District of Columbia have legalized the sale and use of cannabis recreationally.
These changes have had a huge impact on the pricing of cannabis. In countries with a legal supply, new licensed networks face the established black market in a price and customer war. Taxes and regulations are hitting users in many countries, depending on the level of legality.
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Cost of Weed in the USA
At a federal level in the United States, cannabis is still illegal, but 29 states have made medical use legal, and ten have done the same for recreational use. Due to federal influence, most American banks still refuse to open bank accounts for cannabis companies.
These companies also face competition from established suppliers but are still subject to federal restrictions. Let’s examine the U.S.A.’s average prices and then a few states in more detail.
We’ve looked at this based on different weights and compared the legal and black markets where possible.
| High Quality | Low to Mid | |
| 1 gram legal | $13.71 | $11.83 |
| 1 gram black market | $14.41 | $11.87 |
| 1/8oz (3.5g) legal | $45.87 | $35.38 |
| 1/8oz (3.5g) black market | $43.06 | $36.85 |
| 1oz (28g) legal | $320 | $283 |
| 1oz (28g) black market | $239 | $206 |
California Cannabis Prices
Recreational and medical use legalized
Nowhere are the struggles facing newly legalized areas more apparent than in California.
Taxes for cannabis were set to be high enough to deter use by minors but low enough to compete with the illegal market. Unfortunately, they are still not low enough to support new legal businesses and undercut their illegal competition.
There are propositions underway to address this issue, but this still has a large impact on the price. The quality of Californian cannabis is high, but so is the price.
| High Quality | Low to Mid | |
| 1 gram legal | $13.09 | $10.05 |
| 1 gram black market | $12.11 | $10.49 |
| 1/8oz (3.5g) legal | $65 | $50 |
| 1/8oz (3.5g) black market | $38 | $30 |
| 1oz (28g) legal | $230 | $177 |
| 1oz (28g) black market | $150.22 | $112.22 |
Oregon Cannabis Prices
Recreational and medical use legalized
Oregon is at the other end of the spectrum. With an abundance of new cannabis suppliers hitting the market, prices are set to fall for at least the next twelve months.
Wholesale prices in this state have dipped to as low as $398 per pound. The differences are striking, but the agricultural economy and socially progressive nature of its people may explain them.
| High Quality | Low to Mid | |
| 1 gram legal | $11.37 | $10.36 |
| 1 gram black market | $12.56 | $7.79 |
| 1/8oz (3.5g) legal | $38.67 | $30.20 |
| 1/8oz (3.5g) black market | $26.95 | $26.75 |
| 1oz (28g) legal | $150 | $143.75 |
| 1oz (28g) black market | $165.33 | $100.00 |
Massachusetts Cannabis Prices
Recreational and medical use legalized
With recreational cannabis legalization, Massachusetts is still riding a wave of demand for new supply. However, in a state where non-medical customers are subject to paying 20% tax and can buy a maximum of one ounce, it may not be a legal infrastructure that grows to meet the need.
Prices currently sit between California and Oregon, but it is too early to tell which direction they will go.
| High Quality | Low to Mid | |
| 1 gram legal | $13.95 | $12.90 |
| 1 gram black market | $14.04 | $9.93 |
| 1/8oz (3.5g) legal | $47.50 | $40 |
| 1/8oz (3.5g) black market | $46 | $30 |
| 1oz (28g) legal | $246.76 | $238.79 |
| 1oz (28g) black market | $214.39 | $176.64 |
Canadian Cannabis Costs
Recreational and medical use legalized
Canada implemented the legalization of recreational cannabis in 2018 and has managed to maintain prices that are significantly lower than in the USA. Because of the prior legalization of medical use in 2001, Canada already had an effective supply network that could be grown.
Unlike in America, no small start-up suppliers are battling high taxes and being undercut by the black market. On the contrary, Canada already has cannabis companies trading on the stock market.
| High Quality | Low to Mid | |
| 1 gram legal | $11 | $10.25 |
| 1 gram black market | $10.87 | $9.30 |
| 1/8oz (3.5g) legal | $28.75 | $22.50 |
| 1/8oz (3.5g) black market | $41.88 | $30.00 |
| 1oz (28g) legal | $172.50 | $100 |
| 1oz (28g) black market | $173.77 | $155.74 |
Cost of Cannabis in the UK
Illegal but approved for use by prescription
The UK cannabis market remains illegal, apart from the sale of seeds, but is booming. Not only are people buying it at UK prices, but they are also willing to pay more for good quality buds. UK dealers are now beginning to travel to California to buy legal weed and ship it back home.
In the regulated farms, the product can be such good quality that in the UK, an ounce of “Cali” can be sold for as much as £700.
| High Quality | Low to Medium Quality | |
| 1 gram illegal | £15 | £10 |
| 1/8oz (3.5g) illegal | £35 | £25 |
| 1oz (28g) illegal | £260 | £180 |
Business Effects Prices
Cannabis remains a big business across the world and continues to grow. The opening of legal markets and suppliers does not seem to follow a predictable pattern and depends on the local black market, taxes, and if a medical trade already exists.
The averages presented here are merely the broad strokes. If you dig deeper into a cannabis price reference site, you will see that they can vary widely within states and even cities. For example, even in California this year, a gram was recorded as costing $5 in Fontana and $15 in Long Beach.