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A joint (0.5 gram), also known as a stick, of marijuana sold for an average price of $2.50 from 1997 to 1999 when supplies of locally produced marijuana were plentiful. 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 In addition, sandwich bags (nickel and dime bags) of marijuana have been replaced by 1-inch-square, resealable bags ...
The cultivation and use of cannabis is illegal in the Philippines under Republic Act 9165 or the Comprehensive Dangerous Drugs Act of 2002. [1] [2] As the Philippines is a signatory to the 1961 United Nations Single Convention on Narcotic Drugs, [3] Cannabis is classified as a Schedule I drug, which
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 ]
More supply than consumption means there could be downward price pressure for cannabis in Michigan for the foreseeable future.
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]
The drug policy of the Philippines is guided by the Comprehensive Dangerous Drugs Act of 2002 and is implemented by the Dangerous Drugs Board with its implementing arm, the Philippine Drug Enforcement Agency along with other member agencies. Aside from regulating and prohibiting the usage, sale, production of certain drugs, the 2002 law is ...
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.
[2] [3] In 2012, the United Nations said the Philippines had the highest rate of methamphetamine use in East Asia, and according to a U.S. State Department report, 2.1 percent of Filipinos aged 16 to 64 use the drug [4] based on 2008 figures by the Philippines Dangerous Drugs Board. [5]