Colorado Sees Marijuana Prices Soar After Legalization | TigerDroppings.com
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Darth_Vader
Auburn Fan
Where I lay My Head Is Home
Member since Dec 2011
21433 posts

Colorado Sees Marijuana Prices Soar After Legalization

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quote:

On the first day of legal weed sales, Gillette said she found retailers selling top-shelf marijuana to recreational users at prices close to $400 per ounce, not including taxes.


quote:

One dispensary was selling high-quality marijuana on Wednesday at $70 for one-eighth of an ounce — a markup from $25 for the same amount the day before, according to The Associated Press.



lsu480
LSU Fan
Downtown Scottsdale
Member since Oct 2007
78844 posts

re: Colorado Sees Marijuana Prices Soar After Legalization
Still worth it


Spaulding Smails
Clemson Fan
12.30.09 Crickets
Member since Jun 2012
14288 posts

re: Colorado Sees Marijuana Prices Soar After Legalization
Bummer...Weed was a lot more cheap when it was illegal


jimbeam
USA Fan
University of LSU
Member since Oct 2011
35756 posts

re: Colorado Sees Marijuana Prices Soar After Legalization
Lol thought the price was gonna drop


Ace Midnight
LSU Fan
Currently asymptomatic
Member since Dec 2006
35966 posts
Online

re: Colorado Sees Marijuana Prices Soar After Legalization
The initial rush will pass.

Just like the run on ammo the past 14 months.


TH03
Notre Dame Fan
Member since Dec 2008
101795 posts

re: Colorado Sees Marijuana Prices Soar After Legalization
$60 for an eighth doesn't look too bad now


Jet12
LSU Fan
Member since Nov 2010
19960 posts

re: Colorado Sees Marijuana Prices Soar After Legalization
Well yeah...why not raise prices if the demand goes that high?

They'll probably even out once the novelty wears off (buying weed just because "omg it's legal now!") and other states legalize.


Vrai
LSU Fan
Baton Rouge
Member since Nov 2003
2180 posts

re: Colorado Sees Marijuana Prices Soar After Legalization
They don't have the inventory to satisfy all of the demand right now. Have regulate the supply with higher prices. Let the novelty wear off and it will come down.


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TigerWise
Esplanade Mall Fan
Member since Sep 2010
25255 posts

re: Colorado Sees Marijuana Prices Soar After Legalization
400 for a oz of some high grade headies is not ridiculous. Prices will drop drastically IMO. The shite grows on trees.


Cdawg
Mississippi St. Fan
TigerFred's Living Room
Member since Sep 2003
41180 posts

re: Colorado Sees Marijuana Prices Soar After Legalization
quote:

The shite grows on trees.

this made me laugh.


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funnystuff
Member since Nov 2012
941 posts

re: Colorado Sees Marijuana Prices Soar After Legalization
For comparison, what is roughly the going price of an ounce when purchased illegally? I just found it strange that the article compared the price to that of medical marijuana, rather than the price of obtaining it illegally. Anyone happen to know how these compare?


Ace Midnight
LSU Fan
Currently asymptomatic
Member since Dec 2006
35966 posts
Online

re: Colorado Sees Marijuana Prices Soar After Legalization
quote:

For comparison, what is roughly the going price of an ounce when purchased illegally?


It depends. How much do you need?


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LSURussian
LSU Fan
Member since Feb 2005
85143 posts

re: Colorado Sees Marijuana Prices Soar After Legalization
quote:

Colorado Sees Marijuana Prices Soar After Legalization
This can't be happening.

All the druggies on here said the reason legalization was needed was to bring down the cost of all illegal drugs.


CherryGarciaMan
Sugar Magnolia
Member since Aug 2012
1951 posts

re: Colorado Sees Marijuana Prices Soar After Legalization
$125 can get you an oz in CO.

$200 can get you an oz in LA (if you know who to call).

Street values in most states range from $50-$60 for an eighth (1/8 of an oz),putting the street value at $400-$480 for an oz.


TigerWise
Esplanade Mall Fan
Member since Sep 2010
25255 posts

re: Colorado Sees Marijuana Prices Soar After Legalization
quote:

medical marijuana,


My understanding is that medical and recreational are taxed differently and have different possession laws.

quote:

what is roughly the going price of an ounce when purchased illegally?


There are volume discounts


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Iona Fan Man
Iona Fan
Member since Jan 2006
27462 posts

re: Colorado Sees Marijuana Prices Soar After Legalization
why don't/weren't they raiding evidence lockers?

don't they just burn all that stuff anyway?


wheelr
Lafayette
Member since Jul 2012
1460 posts

re: Colorado Sees Marijuana Prices Soar After Legalization
$35 an eighth a year ago in Breckenridge. Apparently in Summit County they've been allowed to grow a limited number of plants for personal use for years now.


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colorchangintiger
LSU Fan
Dan Carlin
Member since Nov 2005
23478 posts

re: Colorado Sees Marijuana Prices Soar After Legalization
quote:

Lol thought the price was gonna drop


Do I need to explain supply, demand, and risk to you?


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colorchangintiger
LSU Fan
Dan Carlin
Member since Nov 2005
23478 posts

re: Colorado Sees Marijuana Prices Soar After Legalization
quote:

All the druggies on here said the reason legalization was needed was to bring down the cost of all illegal drugs.


wat?

I'm pretty sure no one was saying the reason it is needed is to bring the cost down. The reason it is needed is because of sensibility.


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colorchangintiger
LSU Fan
Dan Carlin
Member since Nov 2005
23478 posts

re: Colorado Sees Marijuana Prices Soar After Legalization
quote:

For comparison, what is roughly the going price of an ounce when purchased illegally?


A decade ago, $300 was a decent price, but $350-$400 was not uncommon. $250 was about the bottom $ on an ounce. Factor in inflation and $400 an ounce today isn't that ridiculous.


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