Average legal user spends $647 a year on marijuana in the US
Posted by Sagar Satapathy on July 29, 2016.
In its recent findings on marijuana, Headset Inc., a Seattle-based cannabis intelligence company, determined that the average legal marijuana consumer in the United States is a 37-year-old man who spends around $645 annually on purchasing traditional marijuana buds.
The firm reviewed about 40,000 legal marijuana purchases made in Washington State from September 2014 to July 2016 in order to determine who is using legal marijuana and how much they’re spending to purchase the green stuff.
Millennials are the key audience in the report since over 50 percent of recreational marijuana consumers are ages 21 to 34. On the other hand, older people aren’t quite used to dispensaries, with fewer than 10 percent of the purchases in the report made by people older than 60 years of age.
The young adults in the age group of 35 to 51 also make more frequent visits to marijuana dispensaries in comparison to the older people. They spend the most money when shopping at a marijuana dispensary — forking over about $823 each year on marijuana products.
The marijuana users in their twenties, however, spent an average of just $27 per visit to a dispensary but made trips more frequently than other generations, while an average of every 16 days compared to every 18.2 days for those in their thirties and 20 days for those in their forties.
According to the report, the average spending per trip on marijuana also increased with age, topping out at $64 for those in their eighties. The highest annual spenders on marijuana are members of Generation X: Users in their forties spent $823 in the last year and those in their fifties, $753.
The Headset report also revealed that the traditional dried bud, also known as flower, is the most popular marijuana product for both men and women, followed by pre-rolled joints, vapor pens and edibles products infused with marijuana.comments powered by Disqus