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December 01, 2021

The Marijuana Price Index

Not often does marijuana have a place here at EverydayMoney.ca, but the economic side of the drug seems to continue popping up lately.

Last October, for example, there was a neat story about California’s possible legalization of pot in the state (the proposition was eventually rejected). Who opposed the move? The California Beer & Beverage Distributors, a group that saw legal marijuana as a “threat to sales, as consumers may substitute pot for booze.”

Yet, thanks to a new website that tracks marijuana prices across North America, we have another reason to discuss weed in this space. Introducing: the Marijuana Price Index.

And, you have to hand it to the stoners on this one. PriceOfWeed.com, as the URL goes, is an organized, relevant, user-friendly site that’s keeping tabs on marijuana prices in the U.S. and Canada, one ounce at a time.

Through the site’s user-submission system, potheads can submit the price of the marijuana they’ve just purchased, where they bought it and what quality it is.

So far, PriceOfWeed has about 3,000 submissions after only one week online. According to the site’s blog, they’re hoping to expand pot price tracking to Europe within the next few days.

What can we tell from their data to this point? Well, for one, Canada seems to be the place to go for reasonably-priced marijuana.

Nearly every province/territory across Canada boasts weed prices of less than $300 per ounce; only in Yukon, the Northwest Territories and Newfoundland and Labrador does it cost more, at $300-$400 per ounce.

This is much, much less than what pot costs south of the border, according to the Marijuana Price Index. If you look at the site’s map, pot costs more than $400 per ounce in nearly all the eastern United States – only Michigan, Ohio, Florida and Maine are under that $400 marking in the U.S., east of Colorado.

What to do with this info? That’s up to you. But a good consumer -- no matter what you’re buying, we guess -- is an educated consumer.

By Jason Buckland, MSN Money



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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...