The 2018 Cannabis Price Index has been released by automatic cultivator device company Seedo, revealing the cost of marijuana in 120 cities worldwide. The report also indicated the amount of tax revenue cities could gain through legalization.
Thirteen U.S. cities were featured in the study, which was comprised of 120 cities worldwide. The cities included those where marijuana is legal, partially legal, and illegal. The price of cannabis was calculated per gram and total consumption in metric tons. The revenue potential was figured for a city were it to tax at the average U.S. marijuana rate and the rate of the most popular brand of cigarettes.
In the U.S., Washington, D.C., was found to have the most expensive cannabis in the U.S., at $18.08 per gram, while Seattle was found to have the lowest price at $7.58 per gram. The legalization of cannabis in a city did not appear to have an impact on its price.
New York was found to have the highest consumption rate of the 120 cities, so it was not surprising that it could potentially have the highest tax revenue gains if cannabis was taxed at the average U.S. marijuana rate.
“This study has revealed some incredible insights into the kind of tax revenue that legalizing weed could generate,” says Uri Zeevi, chief marketing officer at