News / Business
Marijuana Spending by College Students: Study Breaks College Media Presents the Results of a Survey of Over 500 Students (Infographic)
Study Breaks, a leading college media entertainment company, teamed up with its sister company, Shweiki Media Printing Company, to survey over 500 college students on their spending habits--including how much they were spending on marijuana. Sixteen percent of the surveyed students admitted to spending money on marijuana, and here are the in-depth results, including how much money students are spending and what that means on a national scale.
Study Breaks College Media teamed up with its sister company, Shweiki Media Printing Company, and surveyed over 500 students on their spending habits. (The full results of this survey can be found here.) One of the questions asked students how much they spend on marijuana. Here are the results...
-16% of students surveyed admit to spending money on marijuana each month.
-10% of surveyed students claim to spend at least $300 each year.
-1% admit to spending at least $6,000 each year.
A National Take on the Numbers:
According to the National Center for Education Statistics, 21.8 million students were expected to attend college in fall of 2013. This means, when the results of this survey are applied nationally across the board:
-3,488,000 college students in the United States spend money on marijuana each month.
-2,180,000 college students in the United States are spending $300 or more yearly on marijuana, which means...
-At least $654 million is being spent yearly by college students on marijuana.
Survey Notes:
-Due to the nature of this survey and students’ likely hesitance to admit to spending money on marijuana—particularly when being asked to provide their email address along with their answers—these numbers are assumed to be conservative.
-For a survey of 508 people for a population of 21,800,000, there is a 99% confidence level with a +/- 5.7% error level. This means that if the survey were to be conducted 100 times, 99 times out of 100, the results would be within +/- 5.7% of the results of the first survey. (For info on how this was calculated, please see custominsight.com.)
Study Breaks College Media provides a one-stop solution for small businesses, providing them with big marketing strategies and delivering college students.
Study Breaks magazine is an award-winning line of monthly entertainment magazines for college students with a mission can best be explained through its slogan: We are college life. Published by Shweiki Media Printing Company, it is distributed in five Texas cities (Austin, Houston, San Antonio, San Marcos and Lubbock). (Studybreaks.com)
