Wednesday, May 31, 2017

Average Price Per Ounce By State Medical Cannabis Program

 Western Region -State Medical Cannabis Programs



 Table 1 Average Price Per Ounce Of Medical Cannabis 
Rank
1
2
3
4
5
6
7
State
Colorado
Oregon
Nevada
Arizona
Washington
New Mexico
California
Avg. Per Oz
$200.60
$221.50
$275.10
$299.10
$314.80
$319.00
$321.30
  
Table 2 Survey Data Collected 
State
NM
AZ
CA
CO
NV
OR
WA
Dispensary 1
$283
$283
$320
$135
$263
$177
$320
Dispensary 2
$316
$320
$320
$193
$325
$222
$265
Dispensary 3
$397
$248
$345
$343
$276
$250
$303
Dispensary 4
$306
$275
$340
$188
$250
$232
$350
Dispensary 5
$264
$325
$260
$262
$335
$271
$345
Dispensary 6
$334
$344
$296
$210
$265
$210
$312
Dispensary 7
$319
$260
$360
$188
$139
$223
$300
Dispensary 8
$340
$303
$375
$165
$275
$203
$318
Dispensary 9
$311
$320
$285
$143
$306
$207
$299
Dispensary 10
$320
$313
$312
$179
$317
$220
$336
Avg. Per Oz
$319.00
$299.10
$321.30
$200.60
$275.10
$221.50
$314.80

Dispensaries Pricing Sourced via Leafly, Weedmaps, Phone Calls and Dispensary Websites. Selection of 10 Dispensaries per State Medical Cannabis Program were based on patient ratings/reviews and locations are statewide. Pricing data taken 5/25/17 to 5/30/17

Plant Counts Do Count
Some states have restrictions on the number of plants producers are allowed to have, in New Mexico producers can only grow up to 450 cannabis plants (Not every Producer in the New Mexico Medical Cannabis Program has chosen to grow the max allowed 450 plants) and other states such as Nevada and Arizona have none. California and Washington limit the square footage of plant production facilities and other states such as Delaware, Maine, and New Hampshire limit plant counts based on patient need. And Yes, the state of New Mexico does need to increase the allowed plant count for producers in the medical cannabis program. The plant count should be at least doubled (as a minimum starting point) to 900 cannabis plants and that additional 450 cannabis plants should have a fee of only $50 per plant. Thus 450 plants at $50 = $22, 500 Lic Fee.

View the complete New Mexico MCP 2016/17 RE-LICENSURES list with producer plant counts.
The 2016/17 licensure list for the medical cannabis program shows a total of 13,800 medical cannabis plants licensed by the 35 producers for the 41,000 patients in the program.  

Of all the state in Tables 1 & 2, New Mexico Medical Cannabis Program Patients have the most grow rights at 16 medical cannabis plants. State programs with adult use legalized have seen a reduction in patients grow rights and even seeing some landlords prohibiting both growing and smoking in rental homes or apartments.

 In January 2016 Forbes magazine did a average price per ounce survey in which medical prices were: New Mexico $286, Arizona $298, California $242, Nevada $265.


   
*Average Prices in Tables 1 & 2 Are Before Taxes
New Mexico   
Sales tax rate is between 5.125% and 8.688%
*(Highest price average for all menu items is Ultra Health. Ultra Health locations in rural areas also have higher pricing and with 8 locations and pricing at $14 per gram on most all strains also -that keeps the New Mexico price average up. If Ultra Health reduced that to $12 per gram, it would place New Mexico’s per Ounce average below Washington, California and be on par with Arizona.)

Arizona
6.6% medical cannabis sales tax
Colorado
2.9% generic sales tax
Nevada
2% medical marijuana excise tax
75% allocated to the state’s general fund and 25% allocated to run the state’s medical marijuana program.
Oregon
0%
Washington
Sales tax rate is between 7% and 9.88%
California
Sales Tax 7.25% (tax format for medical cannabis & rec being worked out currently)


Credit: Ultra Health / Taos News

The results from Table 2 (above) reveal how misleading the image is that Ultra Health provided the Taos News. Ultra Health told the Taos News they conducted a survey in the region but did not provide a table of those survey results like those in Table 2 above. In the survey Cannabis News Journal conducted, could not find any of the prices suggested in the Ultra Health image of lowest prices after reviewing 112 flower menus in seven different state medical cannabis programs. Ounces of harvest shake or harvest trim was the only ounce prices found under $100. Nor does the use of one price and it being the lowest price (that has no source either), does not reflect much about the market in New Mexico.



The average price per gram for New Mexico in October 2016 via Leafly, Weedmaps, Phone Calls and Dispensary Websites.

Oct 2016 Educational Use Only



*Petition: Requesting the Medical Treatment; Adequate Supply: LNPP Plant Count Increase

*Petition: Requesting for the Medical Treatment; Adequate Supply: Remove CBD from Plant Count

*Petition: Requesting the Medical Treatment; Adequate Supply: Part(A):Patient Medical Cannabis Personal Production License Plant Increase & Part(B):Establishment of Patient Run Cooperative/Collective’s or “Licensed Personal Patient  Collectives (LPPC)”







Cannabis News Journal ~ a Joint Venture by HEMP-DC & Duke City Wellness
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