Why is Marijuana Expensive?
One of the biggest issues that people in Louisiana have with the medical marijuana program is that dispensary prices are too high. This becomes a major issue for a lot of people and often is the barrier that stands between a person and their treatment solution.
At Louisiana Marijuana Card, unfortunately, we don’t have control over how dispensaries choose to price their products. But we do, in fact, advocate for more reasonable prices so that more people in Louisiana can not only get their medical marijuana card but feel comfortable paying for the treatment along the way.
Today, we will be going over the age old issue of why marijuana is so expensive. Why is that in Louisiana marijuana costs different, then in Ohio or in Virginia? Let’s look at a few aspects that play a part in marijuana pricing.
Marijuana Supply and Demand
The law of supply and demand is an economic concept that explains pricing for anything from everyday household items to medical treatments like cannabis. The theory is that the supply of marijuana that is available to consumers and the demand consumers have to buy it both impact the price of marijuana.
For example, on the West Coast of the country, there has always been a higher demand for marijuana due to a more progressive viewpoint. Since there is a larger population of cannabis users on the West Coast, there is a higher demand. But with the demand, there is also higher supply too. There are plenty of dispensaries and grow ops so marijuana products are easier to come by. This explains why in places such as Oregon and Washington, marijuana prices tend to be lower.
The Midwest on the other hand has a lower demand for marijuana products therefore there are not a lot of marijuana businesses in the region. Because there is a lower supply here, dispensaries are able to charge higher prices. Customers then have no choice but to pay for those prices. This is why places like Ohio, have higher prices.
Marijuana Taxes & Regulations
Taxes and regulations in the marijuana industry are another component that plays a part in high prices. Each state that has a marijuana program is highly regulated by the government. There are regulations on business licensing, product testing, location and much, much more. This directly affects the price point of marijuana products at a dispensary.
The biggest regulation in the marijuana industry are taxes. Most states with a marijuana program charge additional sales taxes which can reach as high as 15%. This is a huge contributor to the prices that patients have to pay for their treatment.
Louisiana Marijuana Card is here to support you in any way that we can! We believe in advocating for our patients which includes writing articles such as these in order to make patients aware of medical marijuana prices.
We also believe that healing shouldn’t have to come with a heavy price tag. We act on this by having daily promotions where you can get discounts on their medical marijuana evaluation, price matching so you get the lowest price, and a full refund if you aren’t approved for your medical card.
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At Louisiana Marijuana Card, our mission is helping everyone achieve wellness safely and conveniently through increased access to medical marijuana. Our focus on education, inclusion, and acceptance will reduce stigma for our patients by providing equal access to timely information and compassionate care.
Call us at (833) 253-2943, or simply book a medical marijuana evaluation to start getting relief you can trust today!
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