How much money does it cost to grow marijuana in Arkansas?
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KANSAS CITY, Mo.
(AP) It can cost as much as $10,000 to plant a single cannabis plant, or more than $500,000 for a large plant, according to a new report.
That means if you’re a small business owner, the average cost of cultivating marijuana in the U.S. is about $10 million a year, according the Marijuana Policy Project.
The report estimates the average marijuana cost in Colorado is about half that.
The Marijuana Policy Group’s annual Marijuana Policy Index project, released Wednesday, ranked marijuana legalization across the country based on factors such as cultivation costs, distribution, taxes, regulatory costs, enforcement, and enforcement.
It was compiled in conjunction with Marijuana Business Daily, which compiled the same data for 2016.
According to the report, Colorado has the lowest average cost to cultivate a marijuana plant of any state, at about $11,000 per acre.
The lowest cost per plant is Arizona at $18,000, followed by Texas at $17,000 and Washington at $15,000.
The index also found that while Colorado and Washington state have legalized medical marijuana, they have a long way to go in achieving full legal weed production.
Washington, which has a population of more than 11 million, has not yet legalized recreational use, the report found.
Washington has the highest per-capita rate of marijuana arrests of any U. S. state, with an average of 6,000 marijuana arrests per 100,000 people in the state per year, compared to just 2,700 arrests per 1,000 residents in Colorado.
The Washington Department of Justice reported in December that Washington state had 6,917 marijuana-related arrests in 2016, and that marijuana possession arrests are expected to reach 2.2 million by 2020.
The report also noted that while marijuana possession arrest rates have been falling, marijuana-growing operations have remained high, which can result in significant costs to police and prosecutors.
In Colorado, the state’s Department of Revenue estimated in April that the state had spent more than a million dollars in marijuana-focused enforcement efforts and enforcement, including nearly $1.3 million in 2016.
The agency estimated that the total cost of marijuana-legalization measures in the 2016 legislative session would have amounted to about $9.2 billion in total.
“The costs to the state are going to be significant,” said Alex Spiro, the director of the Marijuana Project’s Legislative and Policy Center.
“The federal government has a significant role to play in determining what happens with this product, and it will be up to the states and localities to determine how much they spend on enforcement and what it costs.”
Spiro said that while the state is responsible for the production and distribution of the legal marijuana market, “they should not have to spend all of the money that is spent by the federal government to control the market.”
KANSAS CITY, Mo.(AP) It can cost as much as $10,000 to plant a single cannabis plant, or more than $500,000…