New Study Examines Cannabis Prices Throughout the United States

budA new study conducted at the University of Georgia paints a clear picture of how cannabis prices vary throughout the United States.

For the study, researcher Mingshu Wang used the website Price of Weed, examining nearly 300,000 entries of cannabis prices through the contiguous United States. He found that cannabis prices were cheapest in Oregon, with an average-priced ounce going for $190, well below the national average of $284. The state with the highest average cannabis prices was North Dakota, at $361 an ounce.

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Congressional Research Service: Cannabis Would Fall to Under $20 an Ounce if Legalized Nationwide

The Congressional Research Service (CRS) has released a thirtycrs five-page report examining the effects of the federal government implementing a wholesale excise tax on the production and sale of cannabis and cannabis-related products.

CRS’ analysis indicates that cannabis prices would fall to as low as $5 to $18 an ounce under a legalization model; they claim that today’s average prices of $200 to $300 an ounce are inflated due to prohibition. The report found that if cannabis were taxed at $50 an ounce, the nation would generate over $7 billion in taxes from an estimated $40 billion legal cannabis market.

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