Medical Marijuana Is Cheapest In These 10 States, Finds Leafwell Review Of 130K Dispensary Items

Comments
Loading...

Do you know which state offers the most affordable medical marijuana products?

Thanks to cannabis advocates and reformers, there are now 40 states and the District of Columbia where it is legal to provide medical marijuana (MMJ). This is great news for the patients, however, the price for this natural medicine varies quite a bit depending on where you live.

Medical marijuana professionals at Leafwell decided to undertake price comparisons  across the U.S., which led them to review more than 130,000 products sold in MMJ dispensaries, writes News 4 Tuscon. Leafwell proceeded to determine which states sells the cheapest price-per-gram medical marijuana.

“The comprehensive study on the average price-per-gram of medicinal marijuana has revealed encouraging results,” Josh Lamb, CMO for Leafwell said. “Across various states, patients and individuals seeking medicinal relief will find a diverse landscape of affordable options. These findings highlight the accessibility and affordability of medicinal marijuana in multiple regions, demonstrating a positive trend that benefits patients in their pursuit of holistic healthcare solutions.”

Most Affordable Medical Marijuana In These States 

Here are some of the least and most expensive states. For comparison purposes, note that the national average price per gram is $13.90.

  1. Oregon takes first place with the average price per gram of medical marijuana at $6.91. The Beaver state is also the winner for overall best prices including for Indica ($5 per gram), Hybrid ($6.88) and pre-rolls) $5.21. 

  2. Maine comes in a close second with $8.06 and also having the most versatile product selections at its dispensaries. 

  3. Colorado takes the bronze medal with a price tag of $8.19. 

These three winners are followed by Arkansas, Michigan, Ohio, Mississippi, California, New Mexico and Arizona.

What is the most expensive state? 

You probably guessed it: New York, which sells medical marijuana for $23.17 per gram on average. Compared to Oregon, that’s 235.31% more expensive. It’s also nearly 10 bucks higher than the national average. Considering the legal prices, it is not surprising that New York still struggles with so many illegal operators, among slow license roll-outlawsuits, and other issues.

See Also: New York's $83M In Legal Weed Sales, More Shops & Licenses: Is The Rollout Stabilizing?

Did you miss the first wave of cannabis investments? Don’t make that mistake again.
Experts believe cannabis stocks have found their floor and are now poised for unprecedented growth. Join Benzinga PotProfits. Benefit from Michael Berger’s sharp analysis, revealing top cannabis stock opportunities and timely updates. Experience the potential of 10%+ returns in just 90 days. Our 4.5-star Marketfy rating speaks volumes. Secure your position in this booming sector with a 30-day money-back guarantee. The time to invest is now, before everyone else realizes it. Secure your profits with Benzinga. Click here now to learn more.

Photo: Courtesy of Terrance Barksdale via Pexels

Market News and Data brought to you by Benzinga APIs

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Cannabis is evolving – don’t get left behind!

Curious about what’s next for the industry and how to leverage California’s unique market?

Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!

Get your tickets now to secure your spot and avoid last-minute price hikes.