U.S. cities marijuana prices per gram 2024
This statistic presents select cities in the U.S. based on the price of medical/recreational marijuana, reported between February and April in 2024, in U.S. dollars per gram. In New Orleans, Louisiana, the price per gram of high quality marijuana stood at 100 dollars.
Medical Marijuana Market Growth
The medical marijuana industry in the U.S. is experiencing rapid expansion, with retail sales projected to reach $14 billion by 2028. This growth is driven by increasing legalization, with 38 states and the District of Columbia now permitting medical marijuana use. Florida leads in patient numbers, with approximately 832,000 registered users as of mid-2023. The market's expansion is also evident in the variety of consumption methods, with flowers and edibles being the most popular among U.S. adults.
Regulatory Landscape and Consumer Access
Despite the growing acceptance of medical marijuana, federal law still classifies cannabis with over 0.3% THC as illegal. This contradiction between state and federal laws creates a complex regulatory environment. However, public support for marijuana legalization continues to rise, with most Americans believing in its valid medical uses. States like Arizona and Illinois are forecasted to have the largest growth potential within the U.S. medical marijuana market between 2021 and 2026.
