2018 Global Cannabis Price Index

recreational

Seedo released a 2018 Cannabis Price Index, which examined 120 cities around the world. They looked at the total consumption of pot by the city, measured in metric tons, the full possible tax collection in millions of U.S. dollars, and, most importantly for this topic, the price per gram in U.S. dollars. Here’s what they found:

 

10 Most Expensive Marijuana by City

1. Tokyo, Japan: $32.66

2. Seoul, South Korean: $32.44

3. Kyoto, Japan: $29.65

4. Hong Kong, China: $27.48

5. Bangkok, Thailand: $24.81

6. Dublin, Ireland: $21.63

7. Tallinn, Estonia: $20.98

8. Shanghai, China: $20.82

9. Beijing, China: $20.52

10. Oslo, Norway: $19.14

 

10 Least Expensive Marijuana by City

1. Quito, Ecuador: $1.34

2. Bogota, Colombia: $2.20

3. Asuncion, Paraguay: $2.22

4. Jakarta, Indonesia: $3.74

5. Panama City, Panama: $3.85

6. Johannesburg, South Africa: $4.01

7. Montevideo, Uruguay: $4.15

8. Astana, Kazakhstan: $4.22

9. Antwerp, Belgium: $4.29

10. New Delhi, India: $4.38

 

The most striking thing is the enormous gap in cannabis prices among these cities. 

A gram of cannabis in the most expensive city, for instance, costs 23 times as much as in the least expensive city. And there’s a 23-fold difference in per gram cost between the most expensive city, Tokyo, Japan ($32.66 per gram), and the least expensive city, Quito, Ecuador ($1.34 per gram). 

There are no U.S. states on the list but Washington, D.C. was close with a per-gram cost of $18.08, while Seattle was the cheapest in the U.S. at $7.58 per gram. In Canada, five cities listed in the analysis ranked in among the 21 most affordable cities for weed. 

Part of the reason is that cities, where pot is unregulated and illegal, are much more likely to have higher per-gram prices than cities where it’s legal. Whereas legal areas usually have little issue meeting demand. When it comes to astronomical prices, we have a prohibition mindset and the opportunistic black market to thank. 

And, according to a report from Marijuana Business Daily released in 2017, legal weed sales are expected to grow by 45% in 2018

April 4, 2018

by Parker Wallace

Profile photo of Parker Wallace
Parker is a cannabis enthusiast to the core who shares a keen interest in listening to what others have to say and understanding what’s important to them. Those who know Parker know that his passion for health and wellness runs deep, and his love of Canada even deeper!

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