Alaska, Colorado And Oklahoma Projected To Have Highest Weed Revenue

Last week, one poll found that Denver was the best weed city in the U.S. This week, as the industry readies itself for 420, the annual industry celebration, another poll finds that Alaska, Colorado, and Oklahoma are projected to have the highest potential revenue from cannabis businesses as a percentage of total state revenue in 2024.

Conversely, North Dakota, Hawaii, and Delaware are projected to have the lowest revenue potential from cannabis businesses in 2024.

Conducted by Lance Surety Bonds, a service that offers marijuana surety bonds, which medical or retail marijuana dispensaries are required to obtain before opening their doors, the study focused on analyzing cannabis revenue potential across the country. Also foremost was finding out where consumers can find the most value for the best cannabis products.

In addition to the above findings, here are some other notable findings:

*The average national cost of a high-quality joint in America is $7.57;

*The average national cost of a high-quality ounce of cannabis in America is $325;

*Oregon, Washington, and Colorado have the most affordable joints of high-quality cannabis; and,

*The District of Columbia, North Dakota, and Virginia have the least affordable joints of high-quality cannabis.

Asked which finding surprised him the most, James Campigotto, who was part of the team that conducted the study, said, "We were surprised to see that Alaska is projected to have the highest potential revenue from cannabis businesses as a percentage of total state revenue in 2024. Alaska’s estimated revenue potential for 2024 is $25,115,376, which is 1.2% of the total state revenue potential."

Least surprising finding for Campigotto was Colorado, the first state in the country to legalize adult-use cannabis and (considered by many pundits to be the bellwether state when it comes to cannabis legislation), coming in second as a booming cannabis epicenter. As noted by Campigotto, Colorado has "an estimated revenue potential of $184,430,594 or .98% of the total state revenue potential."

To check out the study in full and the state rankings when it comes to cannabis revenue potential, click here.