This Is How Much Weed Costs in 120 Cities Across the World
This article originally appeared on VICE Colombia. Leer en Español.
The travel itinerary of a dedicated pot smoker is never complete if it doesn’t include research on the cost of weed in the country they’re slated to visit. Not only is it wise to avoid being ripped off, but it’s also important to know how much you’ll have to save up to budget accordingly. And even though lingering global drug prohibition means it’s still difficult to collect conclusive data—especially given the vast number of variables that factor into the street sale of weed around the globe—there is data out there that can help.
Seedo, a company that manufactures devices geared toward growing weed, recently published the 2018 Cannabis Price Index, a ranking developed by using information from the UN’s Office on Drugs and Crime (UNODC). According to the company, its objective was “to illustrate the constant need for legislative reform regarding cannabis use around the world” and “to determine if there are some lessons that we should learn from cities in [the] vanguard of marijuana legalization.”
The study includes 120 cities from around the world, among them some where the use of marijuana is still penalized and others where the drug is at least partially legal. In addition, Seedo developed a framework for calculating the potential tax revenues legalization might bring to cities (we didn’t include it in our map below, but you can find the complete table here), comparing the taxes on marijuana in cities where it’s legal with the taxes imposed on cigarettes.
Uri Zeevi, chief marketing officer of Seedo, said that all of this illustrates how, “[by eliminating] the criminal component of marijuana, governments could regulate production in a more secure manner, robbing criminal gangs of their power and—as we show in this study—generating enormous tax revenues for the development of countries.”
The most expensive weed in the world, according to the study, is in Tokyo, where a gram sells for approximately $32.66.
To determine the price per gram, the study’s authors conducted surveys at the local level, adjusting their findings with statistics obtained from the 2017 World Drug Report by the UNODC. These averages may be outdated—the price of weed in any given city on any given day obviously depends on the quality and whims of a dealer, among other things. For example, in Bogotá, Colombia, we know from experience that you can buy a gram of weed for 2,000 Colombian pesos ($0.70 USD), despite the fact that the study set the average street value at $2.20 USD (approximately 6,000 Colombian pesos).
The average number of metric tons of weed consumed annually in each city was calculated using an equation that considers the total population, prevalence of consumption (the percentage of the population that consumes weed during the course of a year, according to the UNODC’s report), and estimated total (annual) consumption in grams.
Some of the most relevant conclusions in the study were:
- New York has the highest average cannabis consumption in the index, with 77.4 metric tons per year.
- The most expensive weed in the world is in Tokyo, where a gram sells for approximately $32.66.
- The cheapest weed in the world is in Quito, Ecuador, and in Bogotá, Colombia. According to the averages published in the report, the respective sale prices are $1.34 and $2.20 per gram.
- Among the cities where it’s at least partially legal, Boston is at the top of the list when it comes to cost per gram, at $11.01, while in Montevideo, Uruguay, the average is about $4.15.
- Among the cities where it’s totally illegal, Jakarta, Indonesia, has the cheapest weed ($3.79 per gram), despite the fact that consumption can still bring very harsh jail or prison sentences.
Top ten cities with the most expensive weed in the world
Top ten cities with the least expensive weed in the world
We built a map with data from the 2018 Cannabis Price Index, a study that condenses data collected by the United Nations Office on Drugs and Crime (UNODC) and other research.
How much is a ton of weed worth
- With a total of 156, Los Angeles (USA) has the most headshops .
- Madrid, Spain has the largest amount of growshops, with a total of 68.
- Tokyo, Japan has the most expensive cannabis , at 32.66 USD per gram, while Quito, Ecuador has the least expensive marijuana , at 1.34 USD per gram.
- Based on the average US marijuana tax rates currently implemented, New York City could generate the highest potential tax revenue by legalising weed , with 156.40 million USD per year. New York City also has the highest consumption rate of cannabis, at 77.44 metric tons per year.
Results are also available in Euros and British Pounds upon request.
Berlin, Germany, 20/04/2018 – ABCD, a data-driven media campaign outlet, has released new data which reveals the number of marijuana head and growshops in 120 cities around the world. This research, which builds on the 2018 Cannabis Price Index released earlier this year, reveals which locations around the world are ready to embrace cannabis legalisation. The aim of the study is to illustrate the continuous need for legislative reform on cannabis use around the world, and to determine if there are any lessons to be learned from those cities at the forefront of marijuana legalization. By including extra data on the number of head and growshops in each city, this new research can be utilized to indicate which cities are prepared for an imminent cannabis reform, while also highlighting which cities are in opposition of marijuana legalisation.
The initial study began by selecting 120 cities across the world, including locations where cannabis is currently legal, illegal and partially legal, and where marijuana consumption data is available. Then, they looked into the price of weed per gram in each city. To calculate how much potential tax a city could make by legalising weed, ABCD investigated how much tax is paid on the most popular brand of cigarettes, as this offers the closest comparison. They then looked at what percentage marijuana is currently taxed in cities where it’s already legalised in the US.
ABCD decided to conduct the extra research in order to to further the discussion around the medical and recreational use of cannabis, and the potential industry and business opportunities that would follow legalisation. By identifying the number of headshops as well as growshops, this study serves as an indicator to a city’s existing cannabis infrastructure and willingness to accept such reform on a larger scale. As an indicating factor, the more head shops and grow shops a city has, the more positive their state’s and general public’s attitude towards the cannabis-related industry is likely to be.
The table below reveals a sample of the results for the 13 US cities featured in the study:
|#||City||Legality||Price per gram, US$||Taxes of cigarettes, % of the most sold brand||Total possible tax collection, if taxed at cigarette level, mil US$||Total possible tax collection, if taxed at average US marijuana taxes, mil US$||Total Consumption in metric tons||Number of Headshops||Number of Growshops|
The table below shows the top 10 most and least expensive cities for cannabis :
|#||City||Country||Legality||Price per gram, US$|
|#||City||Country||Legality||Price per gram, US$|
N.B. These tables are a sample of the full results. To find the complete results for all 120 cities, please see the bottom of the page.
The table below shows the top 10 cities who could generate the most potential tax by legalising cannabis, if taxed at the same rate as the most popular cigarette brand:
|#||City||Country||Legality||Price per gram, US$||Taxes of cigarettes, % of the most sold brand||Total possible tax collection, if taxed at cigarette level, mil US$|
N.B. % of cigarette tax refers to the tax percentage on the most popular brand. Possible tax revenue refers to the total possible tax collection per year, if taxed at cigarette level. For a full explanation of how the study was conducted, please see the methodology at the bottom of the page.
The table below shows the top 10 cities who could generate the most potential tax by legalising cannabis, if taxed at the average US marijuana tax rate:
|#||City||Country||Legality||Price per gram, US$||Total possible tax collection, if taxed at average US marijuana taxes, mil US$|
N.B. Possible tax revenue refers to the total possible tax collection per year, if taxed at average US marijuana tax rate.
The table below shows the top 10 cities with the highest and lowest consumption of cannabis, per year:
|#||City||Country||Legality||Price per gram, US$||Total Consumption in metric tons|
|#||City||Country||Legality||Price per gram, US$||Total Consumption in metric tons|
|2||Santo Domingo||Dominican Rep.||Illegal||6.93||0.16|
N.B. Total consumption is calculated per annum.
“The way that the legalised cannabis industry is rapidly evolving alongside new technologies shows how innovative emerging tech companies are today.” says Uri Zeevi, CMO at Seedo. “Take the way that cannabis and cryptocurrency have joined forces, with examples such as HempCoin or nezly, which manage processes and payments in the new marijuana industry. When you consider too the potential that these new technologies have to disrupt the cannabis industry, there’s no denying that these are very exciting times.”
“At Seedo, we’ve built technology that helps regular smokers to grow cannabis plants of the utmost quality from the comfort of their own home, avoiding pesticides and taking ownership of their personal supply.” says Uri Zeevi, CMO at Seedo. “We believe that by understanding the cost of weed around the world, we can help to educate smokers about the potential financial benefits of hydroponic growing technology.”
“That illegal cannabis use is so high in countries that still carry the death penalty, such as Pakistan and Egypt, those in power ought to see how desperately new legislation is needed.” comments Uri Zeevi, CMO at Seedo. “By removing the criminal element from marijuana, governments will then able to more safely regulate production, take away power from underground gangs, and as we’ve shown in this study, generate huge tax revenues.”
Publishers are allowed to publish this data and graphics; we kindly ask that you give credit to the source: Seedo
Do not hesitate to reply to this email for any further inquiries.
Spokespeople from Seedo are available for phone and radio interviews.
Please contact [email protected] for further information.
About “Seedo” : Seedo is a fully automated hydroponic growing device which lets you grow your own medicinal herbs and vegetables from the comfort of your own home. Seedo controls and monitors the growing process, from seed to plant, while providing optimal lab conditions to assure premium quality produce year-round. Seedo’s goal is to simplify the growing process, making it accessible for everyone, without compromising on quality.
The full results of the 2018 Cannabis Price Index:
|#||City||Country||Legality||Price per gram, US$||Taxes of cigarettes, % of the most sold brand||Total possible tax collection, if taxed at cigarette level, mil US$||Total possible tax collection, if taxed at average US marijuana taxes, mil US$||Total Consumption in metric tons||Number of Headshops||Number of Growshops|
|88||San Jose||Costa Rica||Partial||7.23||69.76||7.84||2.11||1.56||0||1|
|91||Santo Domingo||Dominican Rep.||Illegal||6.93||58.87||0.67||0.21||0.16||1||0|
|106||Cape Town||South Africa||Illegal||5.82||48.8||2.47||0.95||0.87||12||4|
|109||Rio de Janeiro||Brazil||Partial||5.11||64.94||28.82||8.33||8.69||14||2|
- New York City, USA has the highest consumption rate of cannabis , at 77.44 metric tons per year.
- Boston, USA has the most expensive cannabis of all the cities where it’s legal , at 11.01 USD, while Montevideo, Uruguay has the least expensive at 4.15 USD.
- While Tokyo, Japan has the most expensive cannabis of all cities where it’s illegal, at 32.66 USD, Jakarta, Indonesia has the least expensive at 3.79 USD, despite being classed as a Group 1 drug with harsh sentences such as life imprisonment and the death penalty.
- For cities where cannabis is partially legal, Bangkok, Thailand has the most expensive at 24.81 USD, while Quito, Ecuador has the least expensive at 1.34 USD.
- Bulgaria has the highest tax rates for the most popular brand of cigarettes, at 82.65%, while Paraguay has the lowest, with rates of 16%.
- Cairo, Egypt would gain the most revenue in tax if they were to legalise cannabis and tax it as the same rate as cigarettes, at 384.87 million USD. Singapore, Singapore would gain the least, at 0.14 million USD, due in part to the city’s low consumption of marijuana at 0.02 metric tons per annum.
- Based on the average US marijuana tax rates currently implemented, New York City could generate the highest potential tax revenue by legalising weed, with 156.4 million USD per year . Singapore, Singapore would gain the least, at 0.04 million USD.
Selection of the cities: To select the cities for the study, Seedo first looked at the top and bottom cannabis consuming countries around the world. Then they analysed nations where marijuana is partially or completely legal, as well as illegal, and selected the final list of 120 cities in order to best offer a representative comparison of the global cannabis price.
How much is a ton of weed worth With a total of 156 , Los Angeles (USA) has the most headshops . Madrid, Spain has the largest amount of growshops, with a total of 68. Tokyo,