If you’re new to cannabis, you may be surprised to learn that the cost of cannabis products varies widely from state to state. A number of factors can affect the price of marijuana in any given state, especially the legal status of the plant in that state. Also, geographic factors can greatly affect the price of cannabis in isolated states. It is worth noting that different cities within a single state can have varying prices for the same marijuana products. Cannabis users should keep an eye on the relevant laws in their jurisdictions because these laws can greatly affect the prices of cannabis products. All things considered, cannabis aficionados will have to compare prices from their local dispensaries if they want to find the most affordable prices.
States with Legal Recreational Marijuana
A growing number of states have fully legalized recreational marijuana. These states generally have relatively low marijuana prices. This is because the supply is not as heavily regulated by the state, which makes it easier for companies to create more marijuana products. The greater supply leads to lower places in Oregon and other states with legal recreational marijuana.
States with Legal Medical Marijuana
States that only have legal medical marijuana usually have more costly marijuana prices. This is because the supply is restricted due to greater regulation from the state. If there is not enough supply to meet the demand (which is often the case in states with restrictive medical marijuana laws) this will drive prices up. States with less restrictive medical marijuana laws will have somewhat lower marijuana prices, but prices will still be significantly higher than in recreational marijuana states.
Marijuana in Alaska & Hawaii
Alaska and Hawaii may not seem similar, but they do have one thing in common: both of these states are geographically isolated from the rest of the country. This makes it harder for marijuana companies to import the products they need to create their products. For example, it may be more difficult for a company in Alaska or Hawaii to get the right fertilizer or hydroponic equipment they need to create their products. This drives prices up in these states.
Hawaii has an environment that is conducive to growing cannabis, but its laws only allow medical cannabis. Alaska’s laws allow recreational cannabis, but its environment is not conducive to growing cannabis. Cannabis users in these states may face increased costs as compared to other states with similar laws.
The Cost of Marijuana Can Even Vary Within a State
It is important to note that the cost of marijuana can vary greatly from city to city within the same state. Large cities generally have a higher demand for cannabis, so prices are often higher in such areas. Rural cities may have a much smaller supply of cannabis, and there is less competition that drives prices down at dispensaries in these areas. This may lead to higher prices in rural areas. Generally, it is possible to find lower cannabis prices in mid-size cities.
New Laws Can Change the Cost of Marijuana
The laws regarding marijuana are changing rapidly both at the state and federal level. One law could have an immediate and dramatic effect on the price of cannabis in a certain state. If a state that had medical marijuana legalizes recreational marijuana, the prices will likely drop across the board. On the other hand, a state that passes a new law restricting marijuana sales may see a large spike in the prices of these products. This is why cannabis users should stay up to date on the relevant laws in their states.