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Started By
Message
Growing supply of marijuana in Colorado leads to lower prices
Posted on 6/25/18 at 11:12 pm
Posted on 6/25/18 at 11:12 pm
LINK
The price of marijuana bud has dropped more than $400 per pound in Colorado this year, according to a state Department of Revenue report released on Wednesday.
The average price for a pound of marijuana bud was $846, based on sales from marijuana cultivation facilities recorded between Feb. 1 and April 30. It's the first time the price has fallen below $1,000 per pound since recreational marijuana was legalized in 2014. The report specifically tracks the sales from suppliers to marijuana dispensaries and product manufacturing facilities.
The state is closely monitoring marijuana production to prevent an oversupply, Colorado Department of Revenue executive director Mike Hartman said in a news release.
At the start of 2018, the average price of marijuana bud was $1,265 per pound. The most it's ever been, according to data from the state, was $2,007 in January 2015.
The price of marijuana bud has dropped more than $400 per pound in Colorado this year, according to a state Department of Revenue report released on Wednesday.
The average price for a pound of marijuana bud was $846, based on sales from marijuana cultivation facilities recorded between Feb. 1 and April 30. It's the first time the price has fallen below $1,000 per pound since recreational marijuana was legalized in 2014. The report specifically tracks the sales from suppliers to marijuana dispensaries and product manufacturing facilities.
The state is closely monitoring marijuana production to prevent an oversupply, Colorado Department of Revenue executive director Mike Hartman said in a news release.
At the start of 2018, the average price of marijuana bud was $1,265 per pound. The most it's ever been, according to data from the state, was $2,007 in January 2015.
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Posted on 6/25/18 at 11:13 pm to DavidTheGnome
Posted on 6/25/18 at 11:14 pm to DavidTheGnome
still cheaper if you buy it on black market
Posted on 6/25/18 at 11:16 pm to aVatiger
Yeah I’d love to know where you’re getting a $53 ounce.
Posted on 6/25/18 at 11:17 pm to aVatiger
No
Completely wrong
Completely wrong
This post was edited on 6/25/18 at 11:19 pm
Posted on 6/25/18 at 11:20 pm to DavidTheGnome
Well damn, so much for that farm diversification I was thinking about. $847 a pound is hardly worth the effort. I'll just stick with 85 cent cotton.
Posted on 6/25/18 at 11:21 pm to aVatiger
quote:
cheaper if you buy it on black market
Posted on 6/25/18 at 11:23 pm to aVatiger
quote:
still cheaper if you buy it on black market
That is not true and hasn’t been since it was first legalized
Posted on 6/25/18 at 11:30 pm to aVatiger
quote:
black market
*african American market
Posted on 6/25/18 at 11:32 pm to DavidTheGnome
Yeah, supply and demand. Lot of people think they're going to get rich growing when it's legalized. Not going to happen unless you have significant capital and can launch a pretty damn large operation.
Posted on 6/25/18 at 11:32 pm to DavidTheGnome
I'd love to see data on what industries/firms are seeing a fall in demand as marijuana consumption is increasing.
Posted on 6/26/18 at 12:20 am to HailHailtoMichigan!
As would I. Don’t know why you got a dv. I think that would be really interesting data to look at. Sociologically, at the very least.
This post was edited on 6/26/18 at 12:21 am
Posted on 6/26/18 at 12:22 am to ElroyJetSon
quote:
That is not true and hasn’t been since it was first legalized
It was true for a year or so after legalization here in WA but not anymore.
Posted on 6/26/18 at 12:24 am to aVatiger
quote:A zip of some ordinary purp is going for $280 on a hookup
still cheaper if you buy it on black market
Posted on 6/26/18 at 12:28 am to aVatiger
Lol! If you go during happy hour to some of the dispensaries you can score an ounce of shake for $38
Posted on 6/26/18 at 12:31 am to northshorebamaman
quote:
It was true for a year or so after legalization here in WA but not anymore.
Just landed in SeaTac let me know if any places I should check out near downtown
Posted on 6/26/18 at 12:37 am to OceanMan
quote:
Just landed in SeaTac let me know if any places I should check out near downtown
I'm in Tacoma. I can give recs in the south sound but I don't go to Seattle enough to give any recs up there.
In Tacoma Clear Choice and Mary Mart are probably the two best combinations of price and selection. Avoid Diamond Green or Urban Bud. Both have high prices and low selection.
This post was edited on 6/26/18 at 12:44 am
Posted on 6/26/18 at 3:03 am to DavidTheGnome
While this is great news and I am tempted to go find a jerkin off or cum explosion gif, I am also a skeptical bear.
What is the max weight you can buy at a dispensary? 1 oz? Joe Blow tourist from Baton Rouge is not waltzing into a dispensary and getting an lb for $846.
How much have the dispensaries dropped their prices on flower in the last 6 months?
My guess is it is similar to gas station, little to no discount
What is the max weight you can buy at a dispensary? 1 oz? Joe Blow tourist from Baton Rouge is not waltzing into a dispensary and getting an lb for $846.
How much have the dispensaries dropped their prices on flower in the last 6 months?
My guess is it is similar to gas station, little to no discount
Posted on 6/26/18 at 3:04 am to HailHailtoMichigan!
quote:
I'd love to see data on what industries/firms are seeing a fall in demand as marijuana consumption is increasing.
Big Pharma is probably being hit the hardest.
Posted on 6/26/18 at 3:19 am to EarlyCuyler3
quote:
Yeah, supply and demand. Lot of people think they're going to get rich growing when it's legalized. Not going to happen unless you have significant capital and can launch a pretty damn large operation.
It's exactly why craft breweries excel in a world full of budweiser. People will still pay for quality mj. Like the kind flowered beyond only 8 weeks, when they're 10 week strains. Thc % starts to drop off late, late flower so they pick that shite early just for the numbers, whilst ignoring the fact 50-75% amber trichome pot is infinitely more enjoyable to a lot of people. Then there are those who love a good 14+ week haze, that no commercial facility would touch due to flowering length.
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