Researchers at Seedo—a cannabis tech company based in Tel Aviv, Israel teamed up with the ABCD Agency in Germany to release new data which reveals the number of marijuana-related retailers in 120 cities around the world.
The initial Cannabis Price Index study looked at 120 cities across the world, including places where cannabis is legal, illegal and somewhat legal, as long as data on the price of dry flower cannabis per gram was available.
From there, the firm calculated the potential tax revenue a city could make by legalizing weed. And they used the number of headshops and grow shops—retail stores that prepare the home grower to cultivate cannabis—to determine the existing cannabis infrastructure of each location and that city’s willingness to scale that up in the form of a legal industry. The more headshops, as the firm infers, the more favourable the community outlook on the legal marijuana industry.
The 2018 Cannabis Price Index includes a ranking of the ten cities that consume the most weed and Toronto was the only Canadian city that made the list.
Torontonians consume approximately 22.5 metric tonnes of marijuana per year. Number one on the list of global cities that consume the most marijuana was New York at 77.44 metric tons per year.
Some other cool highlights:
- With a total of 156, Los Angeles (USA) has the most headshops.
- Madrid, Spain has the largest amount of growshops, with a total of 68.
- Tokyo, Japan has the most expensive cannabis, at $32.66 USD per gram
- Quito, Ecuador has the least expensive marijuana, at $1.34 USD per gram.
- Based on the average US marijuana tax rates currently implemented, New York City could generate the highest potential tax revenue by legalizing weed, with $156.40 million USD per year.
- Boston, USA has the most expensive cannabis of all the cities where it’s legal, at $11.01 USD, while Montevideo, Uruguay has the least expensive at $4.15 USD.
- While Tokyo, Japan has the most expensive cannabis of all cities where it’s illegal, at 32.66 USD, Jakarta, Indonesia has the least expensive at 3.79 USD, despite being classed as a Group 1 drug with harsh sentences such as life imprisonment and the death penalty.