- Olivia Castro
What Impacts The Price of Marijuana?
One of the biggest issues that people have with medical marijuana programs is that dispensary prices are too high. This becomes a major issue for a lot of people and can be the barrier between a person and healing.
At West Virginia Marijuana Card, unfortunately, we don’t have control over how dispensaries choose to price their products. But we do advocate for more reasonable prices so that more people in West Virginia can not only get their medical marijuana card but feel comfortable paying for the treatment.
So why is marijuana so expensive? Why is that in West Virginia marijuana costs different, then in Louisiana or in Virginia?
The Supply and Demand of Marijuana in WV
The law of supply and demand explains pricing for anything from everyday household items to medical treatments like marijuana. The supply of marijuana that is available to consumers and the demand consumers have to buy marijuana both impact the price of products.
For example, 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 is why in places such as Oregon and Washington, marijuana prices are lower.
The Midwest has a lower demand for marijuana products so 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.
Taxes & Regulations on Marijuana in WV
Taxes and regulations in the marijuana industry play 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 impacts the price point of marijuana products at a dispensary.
The biggest regulation in the marijuana industry is 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.
West Virginia 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.
Don’t wait another day. Get the relief you deserve today!
Doctors Who Care. Relief You Can Trust.
West Virginia Marijuana Card’s mission is to help 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.
If you have any questions, call us at 877-303-8424, or simply book a medical marijuana evaluation to start getting relief you can trust today!
Check out West Virginia Marijuana Card’s Blog to keep up to date on the latest medical marijuana news, tips, and information. Follow us on Facebook, Twitter, and Instagram to join the medical marijuana conversation in West Virginia.