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While user-generated prices have no inherent check on accuracy, the criminal status of marijuana in many countries means a formal price index may be difficult to construct. [ 1 ] [ 2 ] In August 2011, Matthew Zook , a professor of geography at the University of Kentucky , generated a detailed heatmap using data from the site. [ 3 ]
According to state reports from Michigan’s Marijuana Regulatory Agency, in October 2020 the average retail price for an ounce of marijuana flower was around $288 dollars. A year later, consumers ...
Prices and overall markets have also varied considerably over time. In 1997, cannabis was estimated to be overall the number four value crop in the US, and number one or two in many states, including California, New York, and Florida. This estimate is based on a value to growers of ~60% of retail value, or $3,000 per pound ($6,600/kg). [292]
How much does marijuana cost in Ohio? Flower typically costs anywhere from $30 to over $100, depending on the strain and amount per container. Vape pens and cartridges can range from $25 to $75.
They noted that recent border seizures had mainly involved marijuana and ... and that retail drug prices had been falling in ... rose from 7,330 pounds in 2020 to more than 25,000 pounds ...
The price of a joint subsequently increased to $20 to $50. In addition, sandwich bags (nickel and dime bags) of marijuana have been replaced by 1-inch-square, resealable bags containing small quantities of marijuana that sell for $20 to $35 each. Tourists typically are charged higher prices for retail quantities of marijuana than are local ...
More supply than consumption means there could be downward price pressure for cannabis in Michigan for the foreseeable future.
Possession of up to 20 g (3 ⁄ 4 oz) of marijuana or 5 g (3 ⁄ 16 oz) of genetically modified marijuana for commercial purposes is punishable by 1–2 years in prison at judge's discretion. If deemed to be for personal consumption, the user is subject to security measures involving rehabilitation and detoxification procedures.