What is the Average Cost of Cannabis in Illinois?
The average cost of cannabis in Illinois will vary depending on what type of cannabis you are looking for, and the vendor you are purchasing it from. Generally, cannabis prices can range from $20 to $30 per 1/8th ounce (3.5 grams).
The lowest price cannabis is usually found in bulk, with prices ranging from $100 to $200 per ounce (28 grams). Mid-grade cannabis usually ranges from $25 to $35 per 1/8th ounce, and top shelf cannabis can range from $30 to $50 per 1/8th ounce. Prices are also affected by the quality of the cannabis and its potency.
Additionally, cannabis prices in Illinois can differ depending on the city you’re in. Prices may be higher in more urban areas, and lower in more rural areas
How Much Does Cannabis Cost in Illinois?
When it comes to cannabis pricing in Illinois, the cost will depend on a variety of factors. The type of cannabis, the location of purchase, and the vendor will all affect the final price.
At the most basic level, cannabis flower in Illinois costs anywhere from $10 to $15 per gram. This is the standard rate for the majority of cannabis dispensaries around the state. However, this price can vary depending on the strain, quality, and vendor. For example, medical cannabis flower may cost a bit more than recreational cannabis flower.
When it comes to pre-rolled joints, the price will usually range from $4 to $7 depending on the strain. Edibles are usually more expensive, with prices ranging from $10 to $20 per piece. High-CBD oil tinctures are usually around $25
What Factors Impact the Cost of Cannabis in Illinois?
The cost of cannabis in any given state can vary widely depending on a number of factors. In the state of Illinois, the cost of cannabis is determined by the following:
1. Supply and Demand: Supply and demand are the primary drivers of cost in any industry, and this includes the cannabis industry. As demand for cannabis in Illinois increases, so too will the cost of cannabis. This is because prices are determined by what the market is willing to pay. If there is more demand than supply, then prices will go up. In areas with high demand and low supply, prices can be significantly more expensive than in areas with lower demand and higher supply.
2. Taxes: Taxes are a major factor in the cost of cannabis in Illinois. All cannabis products are subject to a 6.25% state sales tax, as well
Are There Different Prices for Different Types of Cannabis in Illinois?
The answer to this question is yes, there are different prices for different types of cannabis in Illinois. The state has implemented a system of taxation that is based on the quantity, potency, and type of cannabis purchased.
For individuals, there are two types of cannabis products that are taxed differently: medical and recreational. Medical cannabis, or medical marijuana, is subject to a 7% sales tax, while recreational cannabis is subject to a 25% sales tax. This means that medical cannabis is significantly cheaper than recreational cannabis.
The type of cannabis product purchased also affects the price. For example, flower, or the dried flower buds of the cannabis plant, is generally the least expensive type of cannabis. This is because it is the least processed form of cannabis, and therefore the least expensive to produce. On the other hand,