New York City Takes the Crown as The World’s Cannabis Capital, Global Study Reveals

NEW YORK–In a recent revelation that may raise more than a few eyebrows, New York City has ascended to the apex of global cannabis consumption, a startling position for a metropolis renowned for its fast-paced lifestyle and towering skyscrapers.

According to the 2023 Cannabis Global Price Index, an exhaustive study delving into cannabis consumption patterns worldwide, denizens of the Big Apple partake in an average of 62.3 metric tons of cannabis each year, a staggering statistic that eclipses even the second-place contender, Sydney, Australia. This striking feat is all the more remarkable considering that cannabis remains outlawed Down Under.

However, price dynamics unveil a multifaceted landscape. Amongst the list of cities, Tokyo claims the distinction of harboring the priciest cannabis market, commanding a premium of approximately $33 per gram. In comparison, New York City boasts a more approachable price point, with a gram of cannabis costing around $12, reflecting a marked contrast to the $7 per gram price tag in Portland, Oregon – a veritable haven for budget-conscious cannabis enthusiasts. A global frontrunner in affordability, Montreal, Canada, emerges as the reigning champion with a humble average cost of $5.90 per gram.

Zooming in on the tri-state area, we find the cannabis pricing panorama to be equally intriguing. Nestled in New Britain, Connecticut, the thrifty can procure a gram of cannabis for an average of $10.80, while neighboring Newark, New Jersey, offers a comparable deal at $11.30 per gram, as uncovered by the study.

The study extends its gaze towards the future, projecting a compelling narrative of shifting cannabis economics. A forecast suggests that by the year 2030, the average price of cannabis within the United States could plummet to as little as $5.61 per gram, signifying a potentially transformative alteration in the economic fabric of the cannabis industry.

Intriguing and emblematic of shifting societal paradigms, these revelations serve as a potent reminder that the world of cannabis, much like the iconic skyline of New York City, is ever-evolving, shaped by factors both conventional and unexpected.