The Colorado cannabis retail market generated $1.51 billion in sales of various cannabis products in 2017, according to Colorado Department of Revenue data released in February. Meanwhile, California cannabis sales are estimated to hit $3.7 billion by the end of this year, according to new research from BDS Analytics.
Eight states and the District of Columbia already offer recreational sales. Several other states have recreational bills on the ballot.
Cannabis is a controversial subject for some. But, no matter where you fall on the support spectrum, support for legalization of marijuana, pot, cannabis, or whatever you’d like to call it, is at it’s highest in five decades, according to a October 2017 Gallup Poll.
Just like any popular product, whether it’s a piece of gold jewelry, a new travel bag, or anything else, the price you pay can determine the quality.
Today, in the spirit of Forbes and 4/20, we’ll be showing you what could very well be the most expensive marijuana money can buy.
The Most Expensive Marijuana In The World?
Selling at around $800 per ounce, Loud Dream could be the most expensive weed in the world. Loud Dream is a Hybrid marijuana strain with strong berry flavors and is reported to leave users feeling “both creative and energetic”.
For context, the price for “medium to high-quality” weed in California is about $230.50, according to a sample size of 45,707 as per High Times. It’s also one of the strongest strains: made of 26 percent THC. Meanwhile, your average strain has a THC level of just 18.7 percent, according to NBC News.
Curious about marijuana? Pocket Guide Club’s new Pocket Guide to Marijuana is an affordable, 100% fact-based and easy-to-read introduction to the subject. (Full disclosure: I own Pocket Guide Club).