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How Much Does Weed Cost?

Posted on September 15, 2010 by Mikal

One of the most amusing and interesting weed websites I’ve ever seen. Amazing that no one thought of this before.

http://www.priceofweed.com/
From the site: We want to crowdsource the street value of marijuana from the most accurate source possible: you, the consumer. Help by anonymously submitting data on the latest transaction you’ve made.

They have an interactive website where you can put in the price you’ve recently paid for marijuana and your location, anywhere in the world. A quick look shows that Oregon is the place for cheap weed, with an ounce of “high quality” going for about $278. On the East Coast, Midwest and South, it is running consistently over $400/oz, with ounces in West Virginia  fetching an outrageous $553.

To the extent that this is accurate—it is not terribly scientific, to say the least—it shows that despite the proliferation of medical marijuana laws in other states, their ability to supply their markets hasn’t yet caught up to the demand the way it has on the West Coast. Or maybe there is some sort of inflationary or cost-of-living pressure on the price in these other areas. I was quite surprised to see that California prices are over $300/oz, despite the massive production glut.

It is commonly assumed that most of California’s production leaves the state to supply these more profitable markets shown on the PriceOfWeed.com map. One take-away lesson for black-market growers is that if your dealer says, “aw, man, prices are down all over. I can only give you $-,— per pound,” you can whip out your smartphone and pull up this map and call bullshit. Not that I’m advocating interstate transport or the black market, but it is a big factor in the whole economy, like it or not.

The folks behind PriceOfWeed.com also have a lot of new features coming up. These people are way on to something and I can’t wait to see how this all develops.

Posted in Marijuana News | 1 Comment
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One thought on “How Much Does Weed Cost?”

  1. Matthew Meyer says:
    September 16, 2010 at 8:40 am

    This kind of technology might actually influence prices, by making better information available to consumers. Of the many drawbacks of prohibition, the difficulty of getting good info on going prices is one of the most fundamental.

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