$1500.00 an ounce? I don't think so.
Gold’s almost at $1600.
High grade weed is about a quarter of that.
But you can’t grow gold.
You’re right, not as true anymore with the recent runs on gold and ammo. However, even these numbers are staggering for a plant that is cheaper than basil to grow.
Average street price for properly grown MJ in NYC has been $20 per 0.7 grams for at least 10 years. 31 grams to a troy ounce gives you $886 per t. ounce.
Consider that gold was $270 about 10 years ago. These little baggies can be sold for several times their weight in gold to a smoker and essentially grow on trees for the producer. Huge amounts of cash to be made by everyone in the chain.