How Much Does Pot Cost In Hoboken?

How much does an ounce of top-shelf marijuana cost in Hoboken?

In their unique “market analysis,” High Times – a cannabis advocacy publication – quoted a Hoboken source who said an ounce of “Chemdog” cost $380… about $17 more than the nationwide average.

The report’s methodology ranked grades of cannabis in three categories: Kind (best), Mids and Schwag (worst).

See the full report online here.

Current nationwide price indices include:

• Average “kind”: $363
• Average “mids”: $280
• Average “schwag”: $107

STILL ILLEGAL

Although the state recently approved a growing permit for its fifth medical marijuana treatment center, cannabis is still classified as a Schedule I drug under the federal Controlled Substances Act.

Possession of an ounce of marijuana is punishable in New Jersey by up to six months in prison and a $1,000 fine. Distribution charges for an ounce of marijuana or less can net a person 1.5 years in prison and a $25,000 fine.