The price or street value of cannabis varies strongly by region and area. In addition, some dealers may sell potent buds at a higher price.
[109]
In the United States, cannabis is overall the #4 value crop, and is #1 or #2 in many states including California, New York and Florida, averaging $3,000/lb.
[110][111] It is believed to generate an estimated $36 billion market.
[112] Most of the money is spent not on growing and producing but on smuggling the supply to buyers. The
United Nations Office on Drugs and Crime claims in its 2008 World Drug Report that typical U.S. retail prices are $1015 per gram (approximately $280420 per
ounce). Street prices in North America are known to range from about $150 to $400 per
ounce, depending on quality.
[113]
The
European Monitoring Centre for Drugs and Drug Addiction reports that typical retail prices in Europe for cannabis varies from 2 to 14 per gram, with a majority of European countries reporting prices in the range 410.
[114] In the United Kingdom, a cannabis plant has an approximate street value of £300,
[115] but retails to the end-user at about £160/oz.