As US states have legalized cannabis over the past decade, they’ve created a patchwork of small economies. These economies are governed by divergent state laws and separated by firewalls; not a single gram can legally cross state lines. Unsurprisingly, then, markets have evolved considerable differences even as they’ve developed side by side.
A new report by cannabis data firm Headset explores the differences in price that have arisen across these state markets. Looking at Colorado, Washington, Nevada, and California, the report traces price trends across various product categories.
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Of the four states Headset looked at, Washington had the lowest average price per cannabis product. The aptly named Evergreen State also offered the cheapest average gram in terms of concentrates, pre-rolls, and vape pens. Colorado came in slightly lower on average price per gram of flower, but only by a hair.
According to the Headset data, a gram of cannabis flower runs an average of $4.90 in Washington. That wasn’t always the case. “The first day of legal cannabis sales in Washington state saw grams of cannabis being sold for as much as $30, which is unheard of now,” the report notes.
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What’s behind the precipitous drop in price? After all, Washington’s 37% cannabis excise tax is one of the highest in the nation.
“Washington has thousands of distinct cannabis brands, and a ‘tiered house’ market system that gives retailers a lot of power to push back on price,” the report says. “Colorado’s system allows for vertical integration, so even though it has seen