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Map: The price of marijuana in every state
It’s the law of supply and demand in action: When a commodity is illegal, it tends to become scarcer and its price rises on the black market. Make it legal again, and its price will fall.
That’s been the case for marijuana, as this map by Frank Bi of Forbes shows. Marijuana is now a lot cheaper in the states that have legalized it than in the states that have not.
The map shows the average price of an ounce of high-quality marijuana in each state. The data is crowd-sourced via PriceofWeed.com, a website where people anonymously submit the cost of weed in their area.
Nationally, the average price of an ounce of weed is $324. But in four states that have legalized or decriminalized pot – Washington, Oregon, Colorado and Alaska -- the price of an ounce of weed has fallen below $300. Oregon is the cheapest, where an ounce of high-quality marijuana goes for only $204, almost half the cost in North Dakota, the most expensive state.
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Seattle could close some medical marijuana dispensaries
SEATTLE - With Washington state overhauling its medical marijuana law, Seattle Mayor Ed Murray says the city is planning to shutter dozens of dispensaries.
Murray on Tuesday announced plans to require a new special business license for marijuana establishments, akin to those required for taxi operators and pawn shops. Under the mayor's plan the businesses will be required to obtain the licenses by July 2016.
Murray said he hopes the new legislation will prevent pot sales to minors and also prevent abuse of the medical marijuana products.
The Mayor estimates about half of the city's currently unregulated marijuana establishments could be forced to close, under his new regulations.
"It will preserve access for patients who need medical marijuana, while protecting the legal retailers from being undercut from unfair and unlicensed competition," he said.
The Mayor's proposal is an effort to bring the city in line with new state rules, recently signed into law by the governor.
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