As the legal cannabis industry continues to mature, competition and market dynamics have driven down prices in several states. Using the latest data from state regulatory agencies and the research firm Headset, here’s a breakdown of the states where consumers can find the lowest average prices for marijuana, measured per gram of dried flower.
Oregon: $3.57 Per Gram
In November, Oregon’s cannabis prices hit an all-time low of $3.57 per gram, with an ounce averaging around $80, according to the state’s Liquor and Cannabis Commission. This marks a dramatic 65% drop from the $10.50 per gram average when sales began in 2016.
Oregon legalized marijuana in 2014, becoming the third state to do so after Washington and Colorado.
Michigan: $4 Per Gram
Michigan’s cannabis market remains among the most affordable, with the average price of a gram at $4 and an ounce costing $91 as of November, according to the Cannabis Regulatory Agency. The state legalized marijuana in 2018, and licensed retail outlets opened the following year.
Massachusetts: $4.58 Per Gram
Massachusetts reported a record-low average price of $4.58 per gram in November, according to the Cannabis Control Commission. The state legalized marijuana in 2016, with retail sales beginning in 2018.
Colorado: $5 Per Gram
In Colorado, prices for dried cannabis flowers averaged $5 per gram in November. As one of the first states to legalize marijuana in 2012, Colorado’s cannabis market has remained competitive since retail sales began in 2014.
Maine: $5.53 Per Gram
Maine’s marijuana prices have steadily decreased, hitting an all-time low of $5.53 per gram in November. The state legalized cannabis in 2016, and its first retail outlets opened in October 2020.
Washington: $7 Per Gram
Washington’s marijuana prices remained steady at $7 per gram in November, reflecting a stable and mature market. The state legalized cannabis in 2012, with retail stores opening in 2014.
Ohio: $7.44 Per Gram
Ohio’s recreational cannabis market launched in August 2023, and prices dropped to $7.44 per gram by December. Although higher than other states like Oregon and Michigan, Ohio’s prices are more affordable compared to some markets.
Trends Driving Prices Down
The decreasing prices across these states reflect market maturity, increased competition, and supply chain efficiencies. Oregon, Michigan, and Massachusetts stand out as the states offering the most affordable options for cannabis consumers.
As the industry evolves, the trend of declining prices is expected to continue, benefiting both consumers and businesses in competitive markets.
For more updates on cannabis pricing and trends, stay tuned to The Marijuana Herald.