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Pricetracker cannabi1/6/2024 ![]() ![]() ![]() (2016) analyse cannabis prices using information from regular French cannabis users and find a significant quantity discount and significant positive quality effects. Caulkins and Padman (1993)-analysing price data collected by US undercover narcotics agents for various illicit drugs including cannabis–find for most drugs quantity discounts and quality premiums.Ĭaulkins and Pacula (2006) use data from a US household survey to investigate the variation in cannabis prices and find a quantity discount elasticity. An early study by Brown and Siverman (1974) analyses heroin-price data based on purchases by US undercover narcotics agents and finds a quantity discount a positive price-effect of the purity of the heroin. Previous studies on the determinants of drug prices are based on undercover operations or surveys among drug users. Source: 2018 Cannabis Price Index: Previous studies on cannabis prices Table 1 Cannabis prices in cities around the world: Top five highest and lowest prices 2018 Within Canada for example, the price range in dollars per gram was from 6.15 in Montreal to 7.82 in Toronto, while in the US, the range was from 7.58 in Seattle to 18.08 in Washington DC. There is also substantial within-country variation in cannabis prices. ![]() Both at the top and at the bottom of the price range are cities in which cannabis use is illegal. According to the 2018 Cannabis Price Index, in a sample of 120 cities, cannabis prices vary from a low of $1.34 in Quito, Ecuador, to almost $33 in Tokyo, Japan (see Table 1). There is substantial variation in cannabis prices in cities around the world. However, with recent trends in legalisation and with the transition of illegal drug markets to the internet, much more detailed information about price and also quality is now available, making it easier to analyse the determinants of cannabis prices. Because of cannabis’s illegal nature, information and, therefore, studies on quality, prices, and quantities of cannabis consumed or supplied are limited. It does not store any personal data.Despite a recent surge in the liberalisation of policies towards consumption of cannabis-for example in Canada and Uruguay and in several US states-the drug still remains illegal in most countries. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly.
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