It’s comparatively low cost in Seattle, and L.A. and San Francisco are fairly aggressive, however it’s a completely totally different story on the East Coast, particularly in the nation’s capital.
We’re speaking marijuana costs, of course. According to the 2018 Cannabis Price Index, a research compiled by Seedo, a Tel Aviv-based firm that produces units for residence growers, the common value in Seattle is $7.58 a gram, whereas it’s a whopping $18.08 in Washington. In New York City, which consumes extra marijuana than another metropolis on Earth, the common worth is $10.76.
According to Seedo, the knowledge (collected in December and January) issues as a result of it helps to point out the sort of tax income that might be collected if weed was legalized — one thing that Canada plans to do later this yr. In Toronto, the place the worth is C$9.64 ($7.82), the metropolis might generate as a lot as C$152 million per yr if it levied tax at the similar fee as cigarettes, the research exhibits, whereas the Big Apple might acquire $354 million.
– Read the whole article at Bloomberg News.