Vermont legalized the green sticky less than a year ago in July 2018 and weed is pretty expensive in the Green Mountain State. (Marijuana in Vermont is only for medicinal use)
A recently-published study mapped out the average cost for an ounce of high-quality and medium-quality marijuana, ranking states from most-to-least expensive:
- Vermont was ranked at 13 for its average cost of an ounce of high-quality marijuana, at $346.
- The state secured the No. 10 spot for its average cost for an ounce of medium-quality marijuana, at $300.
The average cost for a joint is $7.59 nationally, Vermont being slightly higher (pun intended) at $8.05.
“Washington D.C. nabbed the top spots for both medium and high-quality marijuana at over $500 for an ounce of each. Oregon, Washington and Colorado — all states where marijuana is legal — rounded out the cheapest spots for an ounce of high-quality marijuana, which all fell into the $200 range.”
Eli Harrington is the cofounder and COO at Heady Vermont, which specializes in cannabis news and events. He said,
“State laws in one state versus another, the impacts are really more about kind of supply and demand. And, like, how much legal supply are you creating to offset the illegal supply?”
Harrington said the study’s estimated cost of an ounce in Vermont did not sound particularly expensive, explaining that people typically pay for a smaller quantity. An eighth of an ounce (3.5 grams) is around $40.
The website Headset did a study on pricing in 4 states; Washington, Colorado, Nevada and California and it says,
“Pricing trends in cannabis are difficult to track, because much of the market is so new. But we’re lucky enough to have significant data from two of the oldest legal states, a new but multi-year state, and a brand new state, which paints an interesting picture of where prices have gone and where they’re going.
In the newest member of our dataset, California, prices are high by all measurements. Given how much settling out there’s been in Colorado and especially Washington, which boasts the lowest prices in the nation, California shouldn’t expect its prices to stay so high for so long.”
(Photo, Wikimedia Commons; via Burlington Free Press)