Recently, Information Is Beautiful went digging for information regarding the world’s most lucrative cash crops. Most people know that marijuana is gaining stake in the US economy and there is little chance that things will change any time soon.
Domestic marijuana prices may actually be on the decline as domestic production ramps up, but the cost of a high-quality ounce of weed is still over $300 per ounce. Concentrates are often priced at over $60 per gram which would make them more valuable per ounce than gold. This graph shows how the extremely profitable cannabis plant compares other common crops in the amount of revenue they can generate per square kilometer.
Colorado was the first state in the US to legalize recreational consumption of cannabis. We’re just starting to get the full picture of how much impact the plant can have on state tax revenues and other states are opening up shop. This graphic illustrates how cannabis stacks up next to other heavily taxed commodities in the state of Colorado.