{"id":7794,"date":"2017-10-17T02:08:15","date_gmt":"2017-10-17T02:08:15","guid":{"rendered":"https:\/\/www.420magazine.com\/?p=6734"},"modified":"2017-10-17T02:08:15","modified_gmt":"2017-10-17T02:08:15","slug":"study-marijuana-consumers-spend-more-than-100-per-month-on-legal-pot","status":"publish","type":"post","link":"https:\/\/cannitrol.com\/blog\/study-marijuana-consumers-spend-more-than-100-per-month-on-legal-pot\/","title":{"rendered":"Study: Marijuana Consumers Spend More Than $100 Per Month On Legal Pot"},"content":{"rendered":"<div id=\"wp_fb_like_button\" style=\"margin:5px 0 5px 5px;float:right;height:100px;\"><script src=\"http:\/\/connect.facebook.net\/en_US\/all.js#xfbml=1\"><\/script><fb:like href=\"https:\/\/cannitrol.com\/blog\/study-marijuana-consumers-spend-more-than-100-per-month-on-legal-pot\/\" send=\"true\" layout=\"standard\" width=\"450\" show_faces=\"false\" font=\"arial\" action=\"like\" colorscheme=\"light\"><\/fb:like><\/div><p>Officials who say recreational marijuana can help close budget holes may be on to something.<\/p>\n<p>The average consumer of legal recreational marijuana spends $111.05 per month on marijuana products, according to a new LendEDU poll of 1,000 consumers.<\/p>\n<p>Of them, 27.6 percent of respondents said they spend more money per month on marijuana than on eating out, the study found. LendEDU is a New Jersey-based online marketplace for student loans and other financing topics.<\/p>\n<p>&#8220;The point to be made is that in states where marijuana has become recreationally legal, the consumption of the drug has become both a priority and lifestyle choice,&#8221; LendEDU research analyst Mike Brown wrote, adding that more than 50 percent of consumers surveyed actually include marijuana expenditures in their monthly budgets.<\/p>\n<p>Eight states and the District of Columbia have passed laws legalizing marijuana for recreational use.<\/p>\n<p>Earlier this year, Pennsylvania Auditor General Eugene DePasquale urged state officials here to follow suit, arguing that it could generate at least $200 million in annual revenue, in addition to reducing the costs and social stigma of marijuana-related arrests.<\/p>\n<p>Colorado saw $129 million in tax revenue on $1 billion in marijuana sales last year, DePasquale said. Given that Colorado&#8217;s population is less than half the size of Pennsylvania&#8217;s, DePasquale called his calculation of $200 million in annual revenue a &#8220;conservative&#8221; estimate of how much Harrisburg might pull in.<\/p>\n<p>So far, however, DePasquale&#8217;s suggestion remains only a pipe dream \u2014 despite efforts by State Sen. Daylin Leach (D-Montgomery County) to advance recreational marijuana legislation.<\/p>\n<p>In the meanwhile, as the LendEDU study pointed out, consumer spending on legalized pot continues to bloom amid a highly competitive retail landscape.<\/p>\n<p>&#8220;Because of an over-saturated market where marijuana retail stores are as common as the Golden Arches of McDonalds, people have more access to make purchases than at any other point in history,&#8221; Brown wrote. &#8220;This access has simultaneously led to more consumers buying more cannabis products, but at a cheaper price thanks to competition and less costs for the marijuana retailers.&#8221;<\/p>\n<p><img src=\"https:\/\/cannitrol.com\/blog\/\/wp-content\/uploads\/2017\/10\/study-marijuana-consumers-spend-more-than-100-per-month-on-legal-pot.jpg\" alt=\"\" border=\"0\" \/><\/p>\n<p>News Moderator: Ron Strider <a href=\"http:\/\/www.420magazine.com\/\" target=\"_blank\" rel=\"noopener\">420 MAGAZINE \u00ae<\/a><br \/>\nFull Article: <a href=\"http:\/\/www.cpbj.com\/article\/20171011\/CPBJ01\/171019950\/study-marijuana-consumers-spend-more-than-100-per-month-on-legal-pot\" target=\"_blank\" rel=\"noopener\">Study: Marijuana consumers spend more than $100 per month on legal pot | CPBJ<\/a><br \/>\nAuthor: Roger DuPuis<br \/>\nContact: <a href=\"http:\/\/www.cpbj.com\/article\/99999999\/INFO\/110109998\/-1\/GEN\" target=\"_blank\" rel=\"noopener\">Contact CPBJ | CPBJ<\/a><br \/>\nPhoto Credit: Reuters<br \/>\nWebsite: <a href=\"http:\/\/www.cpbj.com\/\" target=\"_blank\" rel=\"noopener\">Central Penn Business Journal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Officials who say recreational marijuana can help close budget holes may be on to something.<br \/>\nThe average consumer of legal&#8230; <a href=\"https:\/\/www.420magazine.com\/2017\/10\/study-marijuana-consumers-spend-100-per-month-legal-pot\/\" class=\"read-more\">[Read More]<\/a> <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2329,9,1,3],"tags":[4896],"_links":{"self":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts\/7794"}],"collection":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/comments?post=7794"}],"version-history":[{"count":0,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts\/7794\/revisions"}],"wp:attachment":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/media?parent=7794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/categories?post=7794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/tags?post=7794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}