One of the biggest issues that people in Ohio have with the medical marijuana program is that dispensary prices are too high. This becomes a major issue for a lot of people and oftentimes is the barrier that stands between a person and healing.
At Ohio 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 Ohio can not only get their medical marijuana card but feel comfortable paying for the treatment they need.
In today’s article, we will be going over the age old question of why is marijuana so expensive? Why is that in Ohio a gram of marijuana costs different, then a gram in Michigan versus a gram in Virginia? To understand this fully, we will be looking at a few aspects that play a part in marijuana pricing whether it is bought medically or not.
The Law of Supply and Demand
The law of supply and demand is an economic theory that has been used to explain pricing for anything from everyday food and household items to cannabis. The theory is that the supply of marijuana that is available to consumers and the demand (how many consumers want to buy it) both impact the price that marijuana goes for.
Let's take a look at this concept nationally. For example, on the West Coast of the country, there has always been a higher demand for marijuana. There is a larger population of cannabis users on the West Coast therefore a higher demand. But with the demand there is also higher supply as well. 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 are lower.
On the other hand, the Midwest 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 and since there is a smaller demand, customers 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 contributes to high prices. Each state that has a marijuana program, medical or recreational, is highly regulated by the government. There are regulations on business licensing, product testing, location and much more. This directly affects how much a dispensary charges for a marijuana product.
The biggest regulation that marijuana faces are taxes. Most states with a marijuana program charge additional sales taxes. There are places where the tax can reach as high as 15%. This is a huge contributor to the prices that patients pay.
Takeaways
Ohio 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 Ohioans 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 patients can get discounts on their medical marijuana evaluation, price matching so our patients get the lowest price, and a full refund if you aren’t approved for your medical card.
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Here at Ohio Marijuana Card, our goal 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 (866) 457-5559, or simply book a medical marijuana evaluation to start getting relief you can trust today!
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