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The cost of marijuana in Chicago is about $300 an ounce, about ten percent higher than the national average, according to a Washington Post analysis.
However, that price is down from $349 per ounce recorded in the first 3 months of 2011, says the Post’s Wonkblog report.
Exactly what’s behind fluctuations in the price of marijuana is not clear, says the Post, which tracked prices through websites where users post costs.
But, the report, which lists average prices in eight cities and all 50 states, said legalization of marijuana, either for recreational or medicinal purposes, tends to add to the supply and drive prices down.
If you go to the WaPo post, you’ll see that Illinois pot prices are 9.7 percent higher than the national average. We also have higher prices than all of our bordering states except Iowa.
Indiana’s prices are 4.6 percent lower than the national average.
Must be all those non-union weed sellers.
/snark
…Adding… From “Slick Willy” in comments…
Indiana must have “right to weed zones.”
Heh.
posted by Rich Miller
Tuesday, Jun 23, 15 @ 9:47 am
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“Once again Mike Madigan and his cronies in Springfield are making it hard for business to survive in Illinois with their anti-business policies.”
Comment by Demoralized Tuesday, Jun 23, 15 @ 9:50 am
Hoosiers don’t mow their lawns, so weed is plentiful. Then there are all those closed rest areas that McCarter thinks balances state budgets, so that weed gets “sprinkled” throughout the day.
Comment by VanillaMan Tuesday, Jun 23, 15 @ 9:52 am
Given IL’s strict mmj law if IL and Indiana ever go full recreational legal I bet prices would still be lower in Indiana
Comment by Kentucy Bluegrass x Featherbed Bent x California Sinsemilla Tuesday, Jun 23, 15 @ 9:52 am
Maybe demand is lower in Indiana because the locals there prefer an alternate drug. I would like to see a comparison of meth prices to see if there truly is a correlation between drug price and locality.
Comment by Anonymous Tuesday, Jun 23, 15 @ 9:52 am
Weed ain’t the problem in Indiana. It’s the Oxy and the heroin down south.
Devastating article in WSJ over the weekend on Hep C spike in rural Ohio River Valley due to dirty needles. The gateway to heroin ain’t weed, but prescription painkillers.
Comment by Wordslinger Tuesday, Jun 23, 15 @ 10:00 am
I finally agree with something Demoralized posted!
Comment by anon Tuesday, Jun 23, 15 @ 10:01 am
Indiana must have “right to weed zones”.
Comment by Slick Willy Tuesday, Jun 23, 15 @ 10:02 am
==The gateway to heroin ain’t weed, but prescription painkillers.==
Yep. Prescription and OTC drugs are the most commonly abused substances after weed by teenagers and older. And OxyContin isn’t only highly addictive, it’s expensive, which leads addicts to transition to cheaper drugs, like heroin.
Comment by nixit71 Tuesday, Jun 23, 15 @ 10:09 am
Everyone knows that Illinois’ history of organized labor results in a higher quality product entering the marketplace. If you’re that price conscious, enjoy the drive to Indiana to buy an 1/8 from Uncle Leon’s Discount Ganja and Dog Collar Emporium. I’m sure the experience will speak for itself.
Comment by Midstate Indy Tuesday, Jun 23, 15 @ 10:12 am
Does anyone know if by $300 per ounce they’re referring to commercial cannabis or high grade indica?
Comment by Billyjoe Tuesday, Jun 23, 15 @ 10:13 am
Supply and lots of demand, baby! Heh.
Comment by The Equalizer Tuesday, Jun 23, 15 @ 10:14 am
Anyone check to see if corn byproducts have to be added to the weed during summer months?
Comment by A guy Tuesday, Jun 23, 15 @ 10:17 am
Rich I hate to disagree, but instead on unions I’m pretty sure it’s a workers comp issue. Lots of repetitive movements in the trade…
Comment by Jon Tuesday, Jun 23, 15 @ 10:17 am
If the whole world smoked a joint at the same time, there would be world peace for at least two hours.
Followed by a global food shortage.
Comment by 47th Ward Tuesday, Jun 23, 15 @ 10:24 am
With all the vacant land in Gary it’s just being organically grown. In addition they have pick your own farms. Same as strawberries.
Comment by Mokenavince Tuesday, Jun 23, 15 @ 10:25 am
The Grateful Dead is in town next week to say Fare Thee Well. At $300 an ounce, think of all the tax revenue Illinois is missing out on.
Comment by Bluefish Tuesday, Jun 23, 15 @ 10:26 am
Finally a reason to WANT to go to Indiana.
Comment by LBJ Tuesday, Jun 23, 15 @ 10:31 am
=== Does anyone know if by $300 per ounce they’re referring to commercial cannabis or high grade indica? ===
It seems the website samples prices per ounce regardless of quality. But at $300/ounce, or $37.5 an 1/8, it seems to be somewhere between the low and high quality.
Comment by Just Observing Tuesday, Jun 23, 15 @ 10:36 am
Not that I have any direct or first-hand experience with this sort of thing, but it’s my understanding that $400 an ounce was the going rate for some high-quality, pharmaceutical grade marijuana in Chicago. If you’re paying more for that, you’re most likely overpaying or buying some pretty obscure strains of bud.
Comment by 47th Ward Tuesday, Jun 23, 15 @ 10:41 am
Those prices seem a bit higher than reality. But I suppose, just like politics, it’s who you know.
Comment by A Jack Tuesday, Jun 23, 15 @ 10:43 am
But if the Indiana weed makes you crave food any more exotic than Taco Bell, you have to pay for a Megabus to get to Chicago.
Comment by Quizzical Tuesday, Jun 23, 15 @ 10:49 am
Must be all those extra sales and excise taxes on marijuana. You know, just like how 12 cents a gallon in extra gas taxes in Chicago plus applicable sales tax of course FULLY account for a 70 cent per gallon markup.
Comment by Angry Chicagoan Tuesday, Jun 23, 15 @ 10:50 am
I’m sure it has something to do with fireworks.
Comment by Arthur Andersen Tuesday, Jun 23, 15 @ 11:55 am
Indiana’s average household income is between 7-8 percent below the national average, so they’re actually spending a larger portion of their income on their bud.
I think anyway…I could use a brownie.
Comment by Anonymous Tuesday, Jun 23, 15 @ 12:15 pm
The Illini Chuppie market will bear a higher price. The Hoosier Indie market, closer to KY growers, will not. But, overall there is not a big difference in price across the board. Plus, my guess is that the presence of gangs and Mexican cartels is likely greater in Chicago which might demand higher prices than Volvo driving, long haired growers in the Cane Tuck hills. I’d bet a higher percentage of cannabis sales get recycled in the local economy in Indiana than in Illinois.
And in Oregon, the cheapest: Well, clones are going for $10 -15 per plant which if you can find a supply not depleted by Mexican growers will get you in the penny range for home grown (soon to be legal in July). Why yes, I’ll take 3!
Comment by vole Tuesday, Jun 23, 15 @ 1:43 pm