The U.S.’s marijuana industry is poised to be among the fastest growing sectors of the economy, outpacing even the smartphone market’s booming growth, a new study says.

The legal marijuana market in the U.S. is projected to grow by 64 per cent over the next year, to $2.34 billion U.S., according to the second edition of the State of Legal Marijuana Markets reports.

But what about Canada? It seems despite its reputation for progressive attitudes on weed, the Great White North is falling behind its southern neighbour on the issue. One way this can be seen is in the prices people pay for pot.

A decade or more ago, high quality B.C. bud retailed on the streets of Los Angeles for as much as $600 per ounce, three times what it cost in B.C. According to PriceOfWeed.com, a website that crowdsources data on marijuana prices, an ounce of high-quality weed in California these days goes for about $249 U.S.

With the U.S. moving steadily towards more liberal policies on weed, Canada’s price advantage on weed has all but disappeared.

Below is a comparison of retail prices for marijuana in Canadian provinces and select U.S. locations. Surprisingly, even though B.C. has a reputation for being Canada’s marijuana capital, British Columbians actually pay more for weed than people in some other provinces. The most expensive weed in Canada? It's in Nunavut. At $783.86 per ounce, it's nearly double the price of the most expensive place to buy weed in the U.S. and easily the highest price on the continent.

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  • Pot price by province and select U.S. states

    This data is based on crowdsourced averages from PriceOfWeed.com. Numbers are for "high quality" weed, as identified by submitters.

  • Quebec: $191.51 per ounce

    Cheapest weed in Canada.

  • Prince Edward Island: $193.29 per ounce

  • New Brunswick: $193.90 per ounce

  • British Columbia: $200.07 per ounce

  • Oregon: $214.79 per ounce

    Cheapest weed in the U.S.

  • Alberta: $226.55 per ounce

  • Manitoba: $227.86 per ounce

  • Ontario: $237.24 per ounce

  • Saskatchewan: $239.31 per ounce

  • California: $249.79 per ounce

  • Yukon: $253.75

  • Nova Scotia: $272.26 per ounce

  • Newfoundland and Labrador: $292.73 per ounce

  • Northwest Territories: $333.33 per ounce

  • New York State: $353.90 per ounce

  • North Dakota: $415.89 per ounce

    Most expensive weed in the U.S.

  • Nunavut: $783.86

    Most expensive weed in Canada.

  • Also on HuffPost: WHICH PROVINCE CONSUMES THE MOST POT?

  • Canada - 12.2 Per Cent

    3,429,678 people These are the <a href="http://www.statcan.gc.ca/daily-quotidien/130918/dq130918a-eng.htm" target="_blank">StatsCan totals</a> for Canadians age 15 years and older in the 12 months of 2012. Use included cannabis and hashish.

  • 10. Saskatchewan - 10.1 Per Cent

    81,676 people

  • 9. P.E.I. - 10.4 Per Cent

    12,437 people

  • 8. New Brunswick - 11 Per Cent

    68,444 people

  • 7. Newfoundland And Labrador - 11.1 Per Cent

    47,344 people

  • 6. Quebec - 11.5 Per Cent

    763,278 people

  • 5. Manitoba - 11.5 Per Cent

    110,235 people

  • 4. Alberta - 11.8 Per Cent

    361,247 people

  • 3. Ontario - 12.1 Per Cent

    1,331,299 people

  • 2. B.C. - 14.2 Per Cent

    538,434 people

  • 1. Nova Scotia - 14.8 Per Cent

    115,285 people <a href="http://huff.to/18g3q4l" target="_blank">Trailer Park Boys thesis proved</a>.

  • NEXT: Where In The World Do Kids Smoke The Most Pot?

  • 29. Norway

    - 4.55 per cent of children aged 11, 13 and 15 report having used marijuana in the last year. All data from <a href="http://www.unicef.org/policyanalysis/index_68637.html" target="_blank">UNICEF'S Child Well-Being Index</a> for 2013.

  • 28. Sweden

    - 5.54 per cent of children aged 11, 13 and 15 report having used marijuana in the last year.

  • 27. Romania

    - 6.08 per cent of children aged 11, 13 and 15 report having used marijuana in the last year.

  • 26. Greece

    - 6.6 per cent of children aged 11, 13 and 15 report having used marijuana in the last year.

  • 25. Iceland

    - 7 per cent of children aged 11, 13 and 15 report having used marijuana in the last year.

  • 24. Finland

    - 8.02 per cent of children aged 11, 13 and 15 report having used marijuana in the last year.

  • 23. Germany

    - 8.55 per cent of children aged 11, 13 and 15 report having used marijuana in the last year.

  • 22. Austria

    - 10.04 per cent of children aged 11, 13 and 15 report having used marijuana in the last year.

  • 21. Portugal

    - 10.05 per cent of children aged 11, 13 and 15 report having used marijuana in the last year.

  • 20. Hungary

    - 10.54 per cent of children aged 11, 13 and 15 report having used marijuana in the last year.

  • 19. Denmark

    - 11.51 per cent of children aged 11, 13 and 15 report having used marijuana in the last year.

  • 18. Slovakia

    - 13.04 per cent of children aged 11, 13 and 15 report having used marijuana in the last year.

  • 17. Ireland

    - 13.11 per cent of children aged 11, 13 and 15 report having used marijuana in the last year.

  • 16. Lithuania

    - 14.24 per cent of children aged 11, 13 and 15 report having used marijuana in the last year.

  • 15. Poland

    - 14.60 per cent of children aged 11, 13 and 15 report having used marijuana in the last year.

  • 14. Estonia

    - 14.69 per cent of children aged 11, 13 and 15 report having used marijuana in the last year.

  • 13. Luxembourg

    - 15 per cent of children aged 11, 13 and 15 report having used marijuana in the last year.

  • 12. Belgium

    - 16.07 per cent of children aged 11, 13 and 15 report having used marijuana in the last year.

  • 11. Italy

    - 16.62 per cent of children aged 11, 13 and 15 report having used marijuana in the last year.

  • 10. Netherlands

    - 17.05 per cent of children aged 11, 13 and 15 report having used marijuana in the last year.

Notably, weed is now much cheaper in the western U.S. than in the east, thanks to states like California, Colorado and Washington, who have pushed the legalization movement farther than in other parts of the country.

Twenty U.S. states and the District of Columbia now have medical marijuana programs. Another dozen or so states are debating the idea, and following Colorado and Washington’s successful marijuana decriminalization votes in the past election, more such votes are likely to take place in future elections.

But in Canada, reforms to the medical marijuana market meant to encourage the development of large-scale legal marijuana growers will actually mean higher prices for legal weed.

Legal pot currently retails at $5 per gram, well below street prices, but that price is projected to rise to $7.60 under Health Canada’s new system, and is expected to rise to $8.80 in several years’ time.

It’s not clear what impact the new medical marijuana regime will have on street retail prices.

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