A “zip” is slang for an ounce of cannabis, approximately 28 grams. The cost of this quantity varies significantly based on several factors, including geographic location, strain quality, local market conditions, and the relationship between buyer and seller. For example, prices can differ substantially between legal, regulated markets and illicit ones.
Understanding cannabis pricing is crucial for both consumers and businesses operating within the industry. For consumers, it allows for informed purchasing decisions and helps avoid overspending. For businesses, accurate pricing is essential for profitability and competitive positioning. Historically, pricing was often opaque and inconsistent, subject to the whims of an unregulated market. However, the increasing legalization and regulation of cannabis have brought greater transparency and stability to pricing structures, though variations still exist.
