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The price of marijuana can change significantly from state to state. Here are some factors that could have an influence on the final price tag.
Cannabis is gaining more and more traction across the United States, with each passing election approving new medical and recreational programs in various states. If you’ve never been to a marijuana dispensary, or if you’ve been to several and have noticed significant price fluctuations, it’s easy to wonder why this happens and whether there’s a price standard that the industry follows. Short answer: there’s not.
Marijuana prices can vary a lot, depending on the place where you live, the type of product you’re purchasing and its quality. Since cannabis remains federally illegal, there’s not a fixed price tag that dispensaries must follow, with every state demanding different things of product makers and impacting the final price of their product.
Here are some of the most important factors that can have an influence on your cannabis price:
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Where cannabis is grown, manufactured and sold plays an important part in pricing. Each community has its own rules and regulations, impacting the price of the final product. For example, Washington state sells much cheaper weed than California.
State and local tax rates and the amount of growers and sellers in the area will likely have an impact on pricing. Like most products, if there’s a small amount of growers and manufacturers, product prices will likely be higher than if you were to live in a community where there’s a lot of people working and investing in the cannabis industry. Think of it like shopping at Costco vs. your local high-end grocery.
Published: January 25, 2021