The grass might be a bit of brighter shade of green on the other side of legalization, however, it is definitely cheaper. According to Bloomberg, the typical legal marijuana user spends only $647 per year on weed. A marijuana intelligence firm, Headset Inc., examined approximately 40,000 dispensary purchases that were made in Washington State from September 2014 to July 2016 and discovered that the average recreational cannabis user is a 37-year-old man who spends $647 a year on marijuana, with roughly 19.5 days between purchases.
Bloomberg reports that while the average age of legal marijuana consumers is 37, millennials make most of the pot purchases, with over 50 percent of consumers aged 21 to 34. According to the data, customers in their twenties spend an average of $27 per purchase but make pot shop visits more often than other peers, an average of every 2 weeks. Comparatively, those in their thirties visit every 18.2, and those in their forties visit every 20 days, with the average spend per trip also being higher with age.
“As you’re older, you might have more money to go and make bigger purchases,” Headset co-founder Cy Scott explained. “The millennials might be out and about more; they can drop into [marijuana dispensaries] more often. Older people might just plan more.”
In terms of biggest annual spenders, that would be Generation X. The data shows that legal pot consumers in their forties spend approximately $823 annually and those in their fifties spend $753.
And the price of cannabis continues to decline in legalized states, currently at a rate of two percent per month with the possible to shrink 25 percent each year. Of course, we do not all have the leisure of living where marijuana is legal, and if our monthly THMQ shows us anything, it is that the average U.S. cannabis user is most likely paying much more than $647 per year for weed.
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