【Price of Weed】Underground vs Under controlled.
The price Of weed worldwide
Weed is one of the most commonly used psychotropic drugs in the world, after alcohol which is legal in most countries. However, weed prices worldwide differ dramatically depending on factors like where you’re buying it and the quality you’re getting.
Generally, weed prices in places where marijuana is legal tend to be much lower than in places where it’s bought under the radar.
For instance, the cost of weed in Latin American countries is significantly low, with Panama at $10.6 per gram and Brazil at $0.25 per gram as of 2018. Comparably, the price of a gram of weed in the far east countries is quite high, with Tokyo, Japan at the top of the list with $32.66 per gram!
Let’s take a look at how they are traded internationally.
In different cities across the world
Seedo, a German hydroponics company, recently published the 2018 Cannabis Price Index. This data was compiled using information gathered from the UN’s Office on Drugs and Crime (UNODC).
And according to Seedo, the aim of the research is ‘to illustrate the steady need for legislative reform regarding cannabis use around the world’ and ‘to determine if there are any lessons that can be learned from cities in the front line of marijuana legalization.’
During the study, 120 cities across the world were selected. These included places where marijuana is currently legal, illegal, and partially legal.
The company developed a framework to calculate the possible tax revenues a city might make by legalizing weed. This involved comparing cannabis taxes in places where weed is legal with the tax imposed on cigarette.
Further research was conducted to determine the price of weed per gram in these cities.
The average amount of cannabis consumed every year in metric tons in each city was calculated using an equation that takes into account the total population, consumption prevalence, and the estimated total weed consumption in grams per year.
The findings were compared with the statistical data published in the 2017 World Drug Report by the UNODC.
Below are the places with the priciest and cheapest weed in the world, according to the study:
Top Ten Places With The Priciest Cannabis In The World
CITY | COUNTRY | LEGALITY | PRICE PER GRAM IN US DOLLAR |
| TOKYO | JAPAN | ILLEGAL | 32.66 |
| SEOUL | SOUTH KOREA | ILLEGAL | 32.44 |
| KYOTO | JAPAN | ILLEGAL | 29.65 |
| HONG KONG | CHINA | ILLEGAL | 27.48 |
| BANGKOK | THAILAND | PARTIAL | 24.81 |
| DUBLIN | IRELAND | ILLEGAL | 21.63 |
| TALLINN | ESTONIA | PARTIAL | 20.98 |
| SHANGHAI | CHINA | ILLEGAL | 20.82 |
| BEIJING | CHINA | ILLEGAL | 20.52 |
| OSLO | NORWAY | PARTIAL | 19.14 |
Top Ten Places With The Cheapest Cannabis In The World
CITY | COUNTRY | LEGALITY | PRICE PER GRAM IN US DOLLAR |
| QUITO | ECUADOR | PARTIAL | 1.34 |
| BOGOTA | COLOMBIA | PARTIAL | 2.20 |
| ASUNCION | PARAGUAY | PARTIAL | 2.22 |
| JAKARTA | INDONESIA | ILLEGAL | 3.79 |
| PANAMA CITY | PANAMA | ILLEGAL | 3.85 |
| JOHANNESBURG | SOUTH AFRICA | ILLEGAL | 4.01 |
| MONTEVIDEO | URUGUAY | LEGAL | 4.15 |
| ASTANA | KAZAKHSTAN | ILLEGAL | 4.22 |
| ANTWERP | BELGIUM | PARTIAL | 4.29 |
| NEW DELHI | INDIA | PARTIAL | 4.38 |
In different continents
Price Of Weed In Europe
Weed is one of the most commonly used drugs in Europe, with approximately a quarter of the population using it at some point. Many European countries allow a small amount of weed for personal use.
Generally, cannabis laws in Europe are a bit hazy, and weed prices vary from one country to another.
An ounce of medium to high-quality weed in France costs about 226 US dollars as per a sample size of more than 1,000. In Portugal, the same quality weed costs about 300 US dollars.
Price Of Weed In United Kingdom
Cannabis is mainly illegal to grow, distribute and possess in the UK. Strict penalties and legal ramifications await those who involve in such activities.
Generally, the price of medium to high-quality weed in the UK is 256.33 US dollars, as per a sample size of 9,780. In London, the average price of an ounce of top-shelf Chem Dog is 343.50 US dollars.
Price Of Weed In Australia
Cannabis is mainly illegal in Australia, but laws vary from state to state. Overall, nearly half of Australians support weed legalization.
The average price of an ounce of marijuana is about 300 US dollars, as per a sample size of 5,043.
Price Of Weed In United States
Weed legalization is going mainstream in the US. Currently, recreational use of cannabis is legal in 19 states, while medical marijuana is allowed in 36 states.
Weed prices vary significantly from one state to another. But the average cost of an ounce of high-quality weed is 318.93 US dollars, as per a sample size of 181658.
An ounce of medium quality weed generally costs 256.13 US dollars, as per a sample size of 186001.
Price Of Weed In Asia
Unfortunately, weed is not legal across most of Asia, and laws regarding cannabis use vary from country to country. A recent survey suggests that weed is most expensive in Asia, with a gram of weed in Tokyo going for approximately 32.66 US dollars.
That’s it for this time. Thank you so so so much for reading.
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