History of the Price of Marijuana

Marijuana, like everything else, is suffering from inflation. In the 70`s, it was sold as a highly illegal drug. Nowadays, it is more of a commercial crop, with the prices varying based upon many factors that include the local supply and demand, the ability to grow marijuana locally, and of course the price in which it’s being sold for.


During the 80`s, prices for commercial-grade marijuana varied between $300 to $600 a pound. In the `90`s, the prices ranged from $200 to $4000 a pound, with the average pound selling at around $800.

With the ever-increasing supply, and due to the proximity of, the border to Mexico, marijuana prices have taken an extreme swing throughout the `90`s, although they have remained fairly stable for the last several years.

Columbian marijuana rates at $1000 - $1500 per pound. Hawaiian marijuana averages out at $2000 - $2500 a pound, while Jamaican marijuana sells for $1500 - $2000 per pound for commercial grade, and $2500 - $3500 per pound for sensimilla. Marijuana from Thailand sells for $200 - $3000 per pound.

Marijuana may be purchased in Mexico today for $100 - $200 kilogram. Along the southwest border, Mexican marijuana sells for $400 - $1000 per pound, but occasionally it can be bought wholesale for $150 - $300 a pound. This is a percentage of how marijuana enters the country.

In the northeast section of the US, the average price of marijuana is about $700 - $2000 per pound, while in California the prices jump to about $2000 - $6000 per pound.

In 1995, it was estimated that the American people spent $10 billion on marijuana. The estimate for 2005 has dramatically jumped - the government estimates that $19 - $20 billion will be spent on marijuana this year.

 

The government is fucking retarted (obviously.) They could be making that much money off of it...

Oh well.