The medical use of weed has already been legalized in over 30 U.S. states, four territories, and the District of Columbia. So, in this article, let me shed some light on the cost of weed. How much is a pound of weed?
In legal markets, the average wholesale price per pound of weed for medicinal use is $1,800. The average price per pound for greenhouse-grown weed is $1,350. The average cost for indoor-grown weed is $1,900. For adult-use cannabis, the average wholesale price per pound is $1,600.
In the black market of the many US states, a pound of weed costs between $2,000 to $4,000.
Read on to learn more about how much is a pound of weed worth and other topics related to it.
How Much Is a Pound of Weed?
A pound of weed costs about $1,800. This is the average wholesale price per pound of medicinal weed. The average cost for indoor-grown weed is $1,900 per pound, and greenhouse-grown weed is $1,350. For adult-use cannabis, the average wholesale cost per pound is $1,600. 
In some U.S. states such as Colorado and California, people are restricted from buying more than an ounce of weed per visit to the seller. If you are considering buying wholesale weed, sellers would only allow you to have your own store. In other words, you must provide them proof that you are a reseller.
To learn more about the cost of marijuana, you must first familiarize yourself with how many grams of weed are there in an ounce. To give you an idea, a pound of weed is equal to 453.59 grams based on the MKS system.
How much is a pound of marijuana in the black market? In most U.S. states, the cost per pound ranges between $2,000 and $4,000. Apparently, weed is pricier in the black market. Aside from the fact that the price is based on product quality, another factor is that it is pricier if bought illegally.
How Many Grams in One Pound of Weed
A pound of weed is equivalent to 453.592 grams. Therefore, half a pound of weed is equal to 226.796 grams, while a quarter pound of weed is equivalent to 113.398 grams.
If you are buying weed, you have to be familiar with this. This way, you can mentally compute if you are buying at a low or high cost.
How Much Weed Does a Cannabis Plant Produce?
The amount of weed a cannabis plant can produce depends on several factors. These include the following:
- Breed of the cannabis plant
- Condition of the area where the cannabis plant is exposed to
- Skill level of the plant grower
However, on average, a single cannabis plant will most likely produce a half or a single ounce of weed. That amount ranges between 14 and 28 grams of weed.
So, how much is a pound of weed worth? In legal markets, the average wholesale price per pound of weed for medicinal use is $1,800.
How much is a half-pound of weed worth? A half-pound of weed is worth $900. How much is a quarter-pound of weed worth? A quarter-pound of weed is worth $450.
Factors Influencing the Cost of Weed
Legalizing weed in most U.S. states for medical use and even limited recreational use resulted in increased sales. This then led to lower weed costs. It is one of the major factors that impact the market price of weed.
However, there are also other factors affecting it. These include competition, weed taxes, pandemic, and quality. Let’s briefly tackle each one of them:
If the U.S. state where you are residing has multiple weed sellers, the chances are that weed cost is lower. Suffice it to say that if there are a few sellers in your area, the cost will most likely be higher.
2. Weed Taxes
Anything sold legally has a corresponding tax. Therefore, when the U.S. legalized weed in some states, weed has since then been sold with government tax.
In Colorado, regular weed is charged with a 2.9% tax rate. For special marijuana, the tax imposed is 10%.
Taxes range between 1 and 10%. This factor, therefore, makes weed prices go up.
Pandemics, such as the COVID-19 outbreak also have an impact on weed prices.
When the COVID-19 pandemic began in 2020, there were several states that considered cannabis essential. This allowed legal weed stores to remain open even during the lockdown. Some states have waived their regulations in terms of weed delivery. It has been ensured that even in the midst of the pandemic, legal weed is accessible.
California is the largest weed producer in the U.S. It can produce 13 million pounds of marijuana in a year. Unfortunately, in 2019, the state experienced a price drop of 12%. In 2020, the price slightly dropped too from $1,550 to $1,510 per pound.
In Oregon, the price per pound of outdoor weed is $1,470. Whereas in Colorado, the price is $1,327.
The price drop may be attributed to the increased demand for weed. There was no denying how sales skyrocketed in the middle of the COVID-19 pandemic. However, California also experienced wildfires, which resulted in burned farms. This then led to the scarcity of weed supply. In which case, the cost of weed will most likely go up.
Just like any other product in the market, weed has different quality levels too. There are those with low quality. Some are of medium-quality, and some have premium quality. Apparently, the higher the quality, the cost is most likely higher as well.
Let’s expound on this:
Dispensary Medical Cannabis Cost Per Pound
If you buy low-quality marijuana for medicinal purposes in legal markets, it will cost you about $1400 per pound. Medium-quality marijuana costs about $1552 per pound, while a high-quality one costs approximately $1919.
Dispensary Recreational Cannabis Cost Per Pound
For recreational purposes, low-quality marijuana bought in legal markets costs about $2405. The medium-quality ones cost roughly $1760, while the premium ones cost about $2204.
Street Medical Cannabis Cost Per Pound
If you are buying in markets that are not legally recognized, the cost of low-quality weed for medical purposes is about $1858. Medium-quality marijuana costs about $2406. In contrast, the high-quality ones cost approximately $2149.
Street Recreational Cannabis Cost Per Pound
In street markets, low-quality recreational marijuana costs about $1894. The medium-quality ones are priced at about $1975. Whereas the premium ones roughly cost $2209.
The Average Cost of a Pound of Weed
There have been changes to the cost of weed since 2020. For adult-use cannabis, the average wholesale cost per pound is $1600. When it comes to medicinal use, the average wholesale cost is $1800 per pound.
There is also greenhouse-grown weed, which is $1350 per pound on average. As for indoor- and outdoor-grown cannabis, the average cost per pound is $1900 and $750, respectively.
Weed Prices Per State
Let’s take a look at the prices of weed in Colorado, California, and Illinois:
For medicinal use in Colorado’s legal markets, weed per pound cost ranges between $1584 and $3000. In comparison, the cost ranges between $1990 and $2302 for adult use.
The illegal selling of weed is not surprising. And in these markets, the cost per pound for medicinal use ranges between $1200 and $2160. For adult use, the cost ranges between $1385 and $2500.
In California, there are legal and illegal markets too. The cost in legal markets ranges between $1545 and $2202 per pound if bought for medicinal use. Price ranges between $1332 and $1875 per pound if bought for adult use.
In illegal markets, those bought for medicinal purposes cost $1604 – $1962. At the same time, those for adult use cost $1515 – $1962.
Weed is more expensive in Illinois. In legal markets, weed for medicinal use costs $2000 per pound while weed for adult use costs between $1700 and $2000. Weed illegally bought for medicinal purposes costs between $1700 and $2000. Those illegally bought for adult use costs between $1637 and $1785.
The retail cost of weed is most likely higher than the wholesale cost. If you are wondering how much is a half-pound of weed, it is approximately $2560. This is about 226 grams.
If you are curious about how much is a quarter-pound of weed, it is estimated to be between $1280 and $1300. That is about 113 grams.
By now, you already have an idea about the cost of weed. In legal markets, the weed’s average wholesale price per pound for medicinal use is $1,800. The average cost per pound for greenhouse-grown weed is $1,350, while the average cost for indoor-grown weed is $1,900. For adult-use cannabis, the average wholesale cost per pound is $1,600.
Marijuana used to be considered illegal, whichever way people looked at it. But due to the remarkable evidence that it can treat various medical conditions, several countries have started looking into legalizing its use. The U.S. is one of the countries that have been supporting the medical purpose of weed. In fact, most U.S. states have already legalized its use.
The cannabis plant has over a hundred different chemicals known as cannabinoids. Each of these chemicals has a different impact on the human body. The main chemicals used to treat medical conditions are cannabidiol (CBD) and delta-9-tetrahydrocannabinol (THC).
Although most studies are still ongoing, researchers admit that marijuana can definitely help treat different medical conditions. While it is not yet fully confirmed, among the many conditions that marijuana can treat are the following:
- Anorexia and other eating disorders
- Crohn’s disease
- Alzheimer’s disease
- Diseases affecting the immune system
- Muscle spasms
- Wasting syndrome
Among all the ongoing studies about marijuana, the strongest evidence indicates its capability to treat multiple sclerosis, nausea and vomiting due to chemotherapy, and chronic pain.
Has the FDA Approved the Use of Medical Weed?
In 2018, the cannabidiol Epidiolex was approved by the U.S. Food and Drug Administration (FDA) as a treatment for seizures, namely, Dravet syndrome and Lennox-Gastaut syndrome.
Nabilone and dronabinol are two human-made cannabinoid medicines that the FDA has also approved. Nabilone is also known as Cesamet, while dronabinol is also known as Syndros or Marinol. These are marijuana medicines that can treat nausea and vomiting caused by chemotherapy in cancer patients.
How Medical Marijuana Is Taken
There are different ways of taking medical weed. Among these are the following:
- Take it as a pill
- Place a few drops of liquid marijuana under the tongue
- Apply it to the skin the way lotion or cream is applied
- Eat it by mixing an adequate amount in brownies or lollipop
- Inhale it using a vaporizer
- Smoke it
Does Medical Weed Have Side Effects?
Medical weed has side effects too. Among these are the following:
Weed also includes chemicals that can be found in tobacco. Therefore, misuse or abuse can harm the lungs. Also, if teenagers use it, it can affect them mentally because their brains are still developing. These are among the reasons why the government is hesitant to legalize marijuana.
Conclusion – How Much Is a Pound of Weed Worth?
In legal markets, the weed’s average wholesale price per pound for medicinal use is about $1,800. The average cost per pound for greenhouse-grown weed is approximately $1,350, while the average cost for indoor-grown weed is about $1,900. For adult-use cannabis, the average wholesale cost per pound is roughly $1,600.
How much is a half-pound of weed? Half a pound of medicinal weed is wholesale $900 per pound. Half a pound of greenhouse-grown weed is $675 per pound. Lastly, half a pound of indoor- and outdoor-grown cannabis is $950 and $750
However, wholesale weed is only sold to people who have physical stores. In other words, you have to be a legal seller to be able to buy wholesale marijuana. Otherwise, you will only be able to buy weed at retail cost, which is pricier.
You may also be able to buy wholesale weed from illegal sellers. But, of course, this isn’t advisable at all. Aside from the fact that illegal weed is sold at a higher cost, there is also the risk of getting caught.