There was such a glut in the market last year that many farmers growing flower for THC switched over to CBD-oriented hemp. Then, a pandemic swept across the world and stayed longer in America than any other nation. Cannabis has been mentioned as an actual treatment for COVID for its therapeutic qualities without side effects. How much is a pound of weed was certainly on the minds of many as supply chains were ravaged and wildfires blazed. Every state with recreational weed has seen a boom in unlike many industries.
And while regional markets perform independent of one another, the industry has thrived across the board in from coast to coast, one state at a time. The oldest adult-use market, Colorado, has seen weeks of record-breaking sales. Perhaps the biggest news of all is California, wracked with permitting problems, just approved new stores which will only increase sales in the largest market in the world. Everyone thought weed would wane. Even as new states legalize cannabis and the industry gets larger, weed has been a very stable commodity since the dawn of time.
And is certainly the year of change, even for the cannabis industry. Cannabis being declared essential nationwide was a blessing for the industry and its customers during stressful times of lockdowns. Remember, the chain of events unfolding in the last months of will reveal if California has enough undamaged legal weed to meet demand. So if you can find out how much does a pound of weed cost, grab it if the price is right.
You can check out all of our favorite weed delivery services to see what they have to offer. You must be logged in to post a comment. Remember me. For example, California - the largest producer of cannabis in the U. Another factor that contributes to the cost of a pound of weed is demand, and saw demand for cannabis skyrocket in both legal and illicit markets.
Sales in legal adult-use states saw an increase of 50 percent across all markets. If high demand remains ongoing, that could push the cost of a pound of weed higher rather than lower, as is the historic norm. For now, the most recent numbers from Cannabis Benchmark reports these averages for legal markets:.
While illicit market averages tend to follow legal markets fairly closely, this terrific resource from DC. So there are two main reasons why the rate of weed is at this level and even slowly decreasing. These are the legalization and the more production than the previous years.
Also, quality is another important aspect that has a direct impact on the price. Competition is a very important element that will influence the weed cost and depending on where you buy it from and what competition is in the area, you might have to pay more or less than the national average. If your geographical area has a lot of dispensaries and numerous people to sell weed, there is competition among them. This might be in the favor of buyers and lower the final price. So, when there is no competition out there, the sellers will want to charge more as this is a relatively short supply product.
Whether marijuana is legal locally will also affect the price of both legal and illegal marijuana in that region. A gram of marijuana is generally the smallest size increment you will find for sale. This amount will produce about 5 joints of marijuana. Whether marijuana is legal locally will affect the price of the illegal marijuana being sold in the area as well:.
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