The Cost of a Pound of Weed
Last Updated on July 3, 2021 | Written by CPA Alec Pow
First Published on February 8, 2021 | Content Reviewed by 
CFA Alexander Popivker
It is very common for people to ask just how much does a pound of weed cost, especially when they’re purchasing weed as a brand-new user. Before talking about the actual price, we need to add that newbies should start taking weed in smaller quantities, that are easier to process by normal human bodies.
As there are many thousands of legal purchasers that are purchasing marijuana, we have actually made it easy for the brand-new weed purchasers to understand the buying process and the price that they will be required to pay. We hope that this will aid you to get answers to a lot of questions you might have before actually spending money to have fun.
One of the most important reasons why people ask about the price of weed is because they don’t want to spend too much, or, when going for a more outside of the law approach, they don’t get scammed and overspend for their weed. Well, let’s go over the cost of a pound of weed in detail together with some associated topics.
The Cost Of A Pound Of Weed
Some states, like California or Colorado, have restrictions on the amount of weed you can buy per shopping spree, and that is an ounce of weed. However, if you wish to purchase weed from wholesalers, you need to have a private shop.
Before you learn about the price of weed and the factors influencing it, you should know the number of grams of weed that make up for an ounce. Additionally, we’re going to go over the number of grams per pound of weed that will aid you to better understand the amount you’ll get. So to get right in the middle of the issue, one pound is equivalent to 453.59 grams on the MKS system.
If you’re more interested in the black market, then you should know that from our research we found prices per pound of weed between $2,000 and $4,000. The black market strives especially in states where cannabis is illegal, so the cost will also depend on the product quality. This is why there is a big difference between the smaller price of $2,000 and the higher price of $4,000 or even more.
The Elements That Impact The Cost
The sales of cannabis continue to explode as and more US states continue with the procedures of legalizing it for medical and recreational usage. This is the same reason why the rates of weed decrease, as a direct effect of more and more competition.
So there are two main reasons why the rate of weed is at this level and even slowly decreasing. These are the legalization and the more production than the previous years. Also, quality is another important aspect that has a direct impact on the price. Let’s go over some other aspects that will move the price in one direction or another:
The Competition
Competition is a very important element that will influence the weed cost and depending on where you buy it from and what competition is in the area, you might have to pay more or less than the national average. If your geographical area has a lot of dispensaries and numerous people to sell weed, there is competition among them. This might be in the favor of buyers and lower the final price.
On the contrary, if there is a single store or individual to have it for sale, it’ll normally cost more. So, when there is no competition out there, the sellers will want to charge more as this is a relatively short supply product.
Weed Taxes
In the US states where marijuana is legal, its sale is always affected by federal tax. For instance, Colorado State has 2.9% of the tax rate for normal weed and it takes 10% of taxes for special marijuana.
The situation of taxes in many states and cities is usually pretty similar. That means that you’re paying more money when you add the taxes and they will be somewhere between 1.69% and 9.45% in most US states. Therefore, this is making weed prices get higher.
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