A new study – the 2018 Cannabis Price Index – has revealed the cost of marijuana in 120 cities around the world, and calculates how much tax revenue a city could gain from legalization.

For the study, Seedo (an automatic cultivator device) began first by selecting 120 cities across the world, including locations where cannabis is currently legal, illegal and partially legal, and where marijuana consumption data is available. Then, they looked into the price of cannabis per gram in each city. To calculate how much potential tax a city could make through legalization, researchers investigated how much tax is paid on the most popular brand of cigarettes, “as this offers the closest comparison”. They then looked at what percentage marijuana is currently taxed in cities where it’s already legalized in the US.

“This study has revealed some incredible insights into the kind of tax revenue that legalising weed could generate.” says Uri Zeevi, CMO at Seedo. “Take New York City for instance, which has the highest consumption level in the study at 77.44 metric tons of cannabis per year. If they taxed marijuana at the average US cannabis tax level, the city could make $156.4 million in potential tax revenue per year. This is equivalent to providing nearly 3 months worth of free school meals to every single public school kid in New York City.”

The table below reveals a sample of the results for the 13 US cities featured in the study:

#

City

Legality

Price per gram, US$

Total possible tax collection, if taxed at cigarette level, mil US$

Total possible tax collection, if taxed at average US marijuana taxes, mil US$

Total consumption in metric tons

1

Washington, DC

Partial

18.08

47.51

20.96

6.18

2

Chicago

Partial

11.46

119.61

52.77

24.54

3

Philadelphia

Partial

11.30

68.37

30.16

14.22

4

Boston

Legal

11.01

28.59

12.61

6.10

5

New York

Partial

10.76

354.48

156.40

77.44

6

Dallas

Partial

10.03

51.01

22.5

11.95

7

Houston

Partial

10.03

89.13

39.32

20.89

8

Phoenix

Partial

9.35

58.26

25.71

14.65

9

Miami

Partial

9.27

16.24

7.16

4.12

10

San Francisco

Legal

9.27

30.94

13.65

7.85

11

Los Angeles

Legal

8.14

124.88

55.10

36.06

12

Denver

Legal

7.79

20.53

9.06

6.20

13

Seattle

Legal

7.58

20.59

9.08

6.39

The table below shows the top 10 most and least expensive cities for cannabis:

Top 10 Most Expensive Cities

Top 10 Least Expensive Cities

#

City

Country

Legality

Price per gram, US$

#

City

Country

Legality

Price per gram, US$

1

Tokyo

Japan

Illegal

32.66

1

Quito

Ecuador

Partial

1.34

2

Seoul

South Korea

Illegal

32.44

2

Bogota

Colombia

Partial

2.20

3

Kyoto

Japan

Illegal

29.65

3

Asuncion

Paraguay

Partial

2.22

4

Hong Kong

China

Illegal

27.48

4

Jakarta

Indonesia

Illegal

3.79

5

Bangkok

Thailand

Partial

24.81

5

Panama City

Panama

Illegal

3.85

6

Dublin

Ireland

Illegal

21.63

6

Johannesburg

South Africa

Illegal

4.01

7

Tallinn

Estonia

Partial

20.98

7

Montevideo

Uruguay

Legal

4.15

8

Shanghai

China

Illegal

20.82

8

Astana

Kazakhstan

Illegal

4.22

9

Beijing

China

Illegal

20.52

About Anthony Martinelli

Anthony, co-founder and Editor-in-Chief of TheJointBlog, has worked closely with numerous elected officials who support cannabis law reform, including as the former Campaign Manager for Washington State Representative Dave Upthegrove. He has also been published by multiple media outlets, including the Seattle Times. He can be reached at TheJointBlog@TheJointBlog.com.

Source: joint