The most important cities on the planet stand to make some huge cash from marijuana legalization.
That’s the takeaway from an financial research cultivation tech firm Seedo printed following the 2018 Hashish Value Index detailing the price of marijuana. It appears at marijuana use, legality, price, and calculates the potential taxes in 120 cities the world over.
New York Metropolis consumes probably the most hashish on the planet, ingesting/smoking a whopping 77.44 metric tons yearly. Whereas inhabitants is clearly the most important issue, the town’s hashish consumption is 3 times that that of American runner-up Los Angeles, which consumed 36.06 metric tons.
Denver barely cracked the highest 10 for U.S. cities, consuming 6.2 metric tons, in response to the research.
Quantity of marijuana consumed in U.S. cities, organized from highest to lowest. (Graphic offered by Seedo)
The quantity of marijuana consumed wasn’t the one issue Seedo checked out. Value per gram in every of the cities was additionally examined.
No surprises right here: The authorized marijuana states had probably the most inexpensive marijuana per gram. Seattle was lowest at $7.58 per gram, Denver subsequent at $7.79 and Los Angeles is available in third at $8.14.
Partially-legal metropolis Washington D.C. had, by far, the most costly worth per gram within the nation at $18.08.
Value per gram of marijuana within the U.S. cities, organized from lowest to highest. (Graphic offered by Seedo)
Internationally, the place weed stays unlawful, costs soar. The costliest marijuana per gram is present in Tokyo, Japan, at $32.66 USD per gram. Jet all the way down to Quito, Ecuador, for the most affordable marijuana on the record, costing simply $1.34 USD on common.
Utilizing the present common tax charges on authorized marijuana in America, Seedo researchers calculated how a lot huge cities may rake in if it was legalized, taxed and controlled. New York Metropolis topped the record at $156.four million in hypothetical taxes.
If the present tax charge on cigarettes in America had been to be utilized to authorized marijuana, that quantity greater than doubles. In New York Metropolis, as an illustration, would haul in over $354.four million yearly.
Seedo, a tech agency behind an DIY cultivation system, does have a fiduciary curiosity in hashish and the corporate doesn’t sugarcoat their mission: “The goal of this research is for instance the continual want for legislative reform on hashish use around the globe, and to find out if there are any classes to be realized from these cities on the forefront of marijuana legalisation.”
The worldwide costs of marijuana per gram, organized from highest to lowest. (Graphic offered by Seedo)