Fun Weed Facts from the 2018 Cannabis Price Index

It’s come to this. Cannabis sativa, herb of choice among the flaneurs, festival-goers, and philosophers of the world, has gone all Wall Street. Straighten your tie, comb your hair, and say hello to the Cannabis Price Index.

Compiled by German hydroponics company Seedo, this newly released study compares the average price per gram of marijuana in 120 international cities. The aim is to persuasively illustrate the need for legislative reform on cannabis use around the world and to determine if there are any lessons to be learned from those cities at the forefront of marijuana legalization.

cannabis price index, weed plant, cannabis plant, cannabis bud, weed bud, nug, nugget of weed

Lesson No. 1: Weed legalization offers cities a prime opportunity to cash in. One of the biggest incentives for states and cities to legalize cannabis is, naturally, the tax opportunity. (What, you thought your state politicians were all just mellowing out?) To calculate how much potential tax a city could make by legalizing marijuana, Seedo looked at the tax percentage currently paid on marijuana in U.S. cities where it’s already legal, then compared that percentage to the tax paid on popular brands of cigarettes.

Seedo CMO Uri Zeevi offers the example of New York City, where weed is only partially legal, and sells for $10.76 per gram on average.

“New York City has the highest consumption level in the study at 77.44 metric tons of cannabis per year. If they taxed marijuana at the average U.S. cannabis tax level, the city could make $156.4 million in potential tax revenue per year. This is equivalent to providing nearly three months worth of free school meals to every single public school kid in New York City.”

Yeah, that’s probably what those politicians would do with the extra money — feed kids.

Besides offering a powerful incentive to start growing your own tax-free ganja (with the help of Seedo’s flagship product, an automated hydroponic growing device), the study is worth a look for the array of fun facts it presents. The following sampling should provide ample discussion fodder during your next safety meeting.

  • New York City has the highest consumption rate of cannabis — more than double the amount consumed by the runner-up, Los Angeles.
  • Tokyo, Japan, has the most expensive weed in the world at $32.66 per gram. Per gram!
  • At $11.01 per gram, Boston is home to the most expensive legal cannabis in the U.S. Seattle has the least expensive at $7.58.
  • The world’s cheapest marijuana can be found in Jakarta, Indonesia for $3.79 (that is, if you’re measuring the cost in U.S. dollars). It’s also classed as a Group 1 drug, which means life imprisonment — even the death penalty — for those caught buying and selling. Talk about harshing your vibe.
  • Cairo, Egypt, would gain the most revenue if they were to legalize cannabis and tax it as the same rate as cigarettes. Seedo estimates the money-making opportunity at $384.87 million.
  • Based on the average U.S. marijuana tax rates, New York City could generate the highest potential tax revenue by legalizing weed: $156.4 million per year. Which, as you’ll recall, they’ll almost definitely use to feed the children.

For all the details on all the cities across the world, check out the full index here.

Need some gear to celebrate 420? Our friends over at Grenco Science are offering a sweet sale between Monday, April 16 and Sunday, April 22. Use the code ‘THEMANUAL’ for an additional 5 percent off this Santa Cruz Grinder. We’re also fans of the G Pen Pro Vaporizer and the G Pen Elite Vaporizer.

Article originally published February 16, 2018. Last updated April 19, 2018.

Fashion & Style

Which Workwear is Right For You? Comparing Carhartt, Patagonia, and Filson

Find out which brand is best for you and your job.

Detroit’s Abandoned Michigan Central Station to Reopen as Haunted House

The city's most iconic building will, for just one day, become the world's coolest haunted house.
Food & Drink

Keep Oktoberfest Going Year-Round with Jaegerschnitzel

Just because Oktoberfest only lasts for a few weeks doesn’t mean you should stop eating and drinking like it's over.

Jazz Legend Miles Davis’ Ferrari 308 Heads to Auction

Here's your chance to own a piece of music and automotive history.

18 Classic Books Every Man Should Read (or Re-Read) in 2018

Make 2018 one for the books. Here's your reading list for the rest of the year.

Official 007 Cocktail Book ‘Shaken’ Teaches You to Make James Bond-Approved Drinks

As Ian Fleming wrote in Thunderball, “It’s just that I’d rather die of drink than of thirst.”

Workout Playlist: The Best Songs for Getting Pumped About Pumping Iron

Our workout playlist on Spotify has been audio-engineered to get you started on — and help you stick to — your new fitness routine.

Erik Weihenmayer’s No Barriers Organization Helps People With (and Without) Disabilities Achieve the Awesome

A key piece of advice, "Stop sabotaging your life, open your heart, and step out of yourself and into something."

The Best Documentaries on Netflix Right Now

These docs are entertaining, but also edifying. For your convenience, we’ve broken them up into categories.

What is Cuffing Season: Everything a Guy Needs to Know

Our inklings to get cozy with a new fling aren’t random but physiologically and seasonally timed with the shortening of days and dip in temperature.

Cyber Wildlife Crime Sucks. But You Can Help Fight It Right There From Your Computer

The biggest marketplace for the illegal trade of wildlife isn't Africa or China, it's the web.