The 2018 Cannabis Price Index has revealed the cost of cannabis in 120 cities around the world. Let’s take a look at the results. 

The study selected 120 cities across the world, including locations with different legal situations. Then, they looked into the price of cannabis per gram in each city. To calculate how much potential tax a city could make through legalization, researchers 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 weed is currently taxed in cities where it’s already legalized in the US.

Uri Zeevi, CMO at Seedo says the following:

This study has revealed some incredible insights into the kind of tax revenue that legalizing weed could generate. Take New York City for instance, which has the highest consumption level in the study at 77.44 metric tons of cannabis per year. If they taxed marijuana at the average US cannabis tax level, the city could make $156.4 million in potential tax revenue per year. This is equivalent to providing nearly 3 months worth of free school meals to every single public school kid in New York City,

#

City

Legality

Price per gram, US$

Total possible tax collection, if taxed at cigarette level, mil US$

Total consumption in metric tons

1 Washington, DC Partial 18.08 47.51 6.18
2 Chicago Partial 11.46 119.61 24.54
3 Philadelphia Partial 11.30 68.37 14.22
4 Boston Legal 11.01 28.59 6.10
5 New York Partial 10.76 354.48 77.44
6 Dallas Partial 10.03 51.01 11.95
7 Houston Partial 10.03 89.13 20.89
8 Phoenix Partial 9.35 58.26 14.65
9 Miami Partial 9.27 16.24 4.12
10 San Francisco Legal 9.27 30.94 7.85
11 Los Angeles Legal 8.14 124.88 36.06
12 Denver Legal 7.79 20.53 6.20
13 Seattle Legal 7.58 20.59 6.39

Top 10 Most Expensive Cities

# City Country Legality Price per gram, US$
1 Tokyo Japan Illegal 32.66
2 Seoul South Korea Illegal 32.44
3 Kyoto Japan Illegal 29.65
4 Hong Kong China Illegal 27.48
5 Bangkok Thailand Partial 24.81
6 Dublin Ireland Illegal 21.63
7 Tallinn Estonia Partial 20.98
8 Shanghai China Illegal 20.82
9 Beijing China Illegal 20.52

 

Top 10 Least Expensive Cities

# City Country Legality Price per gram, US$
1 Quito Ecuador Partial 1.34
2 Bogota Colombia Partial 2.20
3 Asuncion Paraguay Partial 2.22
4 Jakarta Indonesia Illegal 3.79
5 Panama City Panama Illegal 3.85
6 Johannesburg South Africa Illegal 4.01
7 Montevideo Uruguay Legal 4.15
8 Astana Kazakhstan Illegal 4.22