WILL 'WEED' BE LEGALISED IN INDIA? - ‘LATEST’ STATISTICS RECORD ‘HIGHEST’ CONSUMPTION

India is legally not a place to smoke weed aka Marijuana aka Cannabis. But it looks like nothing stops the people in India to find a place in the top 5 Weed consumers around the World.  According to the latest study conducted by ABCD, a data-driven media campaign outlet based in Germany, New Delhi in India stands 3rd in the Global weed consumption while New York remains at the top and Karachi holds the second position.  Yet another important city in India, Mumbai holds the 6th position.

The list revealed the average consumption of weed in New York as 77.4 tonnes, Karachi as 42 tonnes, New Delhi as 38.2 tonnes and Mumbai as 32.4 tonnes. Surprisingly, Amsterdam which is considered to be every weed-lovers dream destination ranked at No: 56 with the annual consumption of just 3.6 tonnes among the list of 120 nations Worldwide.

ABCD has been working on Cannabis Price Index to find locations around the world who are likely ready to accept the legalisation of weed. At the end of the survey, India remained to be the cheapest place to buy weed with $ 4.38 per gram ( RS 315) in Delhi and $4.57 (Rs 328) per gram in Mumbai.

Tokyo was identified to be the most expensive place where one gram weed is being sold at $32.66 (Rs. 2,348). Further, the study analysed the possibilities of legalising weed in India. It was estimated that Delhi could raise Rs. 725 crore and Mumbai could get Rs 641 crore income if weed was legalised and sold at the same tax rate as Cigarettes.

With one of the highest weed consumption countries in the World, the prospects of looking into the business angle of the product in India may soon be expected in the near future considering the medicinal aspects of marijuana. Earlier this year, cannabis was legalised in Toronto, Canada.