Marijuana Retailers Cope with Falling Pot Prices [WA]

NBCRightNow ^ | Jan 04, 2016 | Jonathan Halvorson

[steve86]

LONGVIEW, Wash. (AP) - As the price of marijuana continues to drop, Washington pot businesses are struggling to keep up with the changes.

The Daily News reports (http://bit.ly/1O6nqKx ) that since legal marijuana entered the market in July 2014, prices have dropped from $25 to $30 per gram to about $10 a gram now.

[steve86]

Equal to street prices lol

[QT3.14]

#WeedPricesMatter

[umgud]

And taxes now only total 37% at point of sale. Such a deal!

[changeitback440]

cool......I’m short the june contract

[Mr. Blond]

Their mantra was “Legalize it and tax the hell out of it.”

[Bubba_Leroy]

Equal to street prices lol

Street prices don't include a 37% tax.

[RetiredTexasVet]

And I doubt the “street vendors” charge and remit the 37% tax to the gov’t mob bosses!

[DAC21]

“Equal to street prices lol”

So that would be $260 an ounce. on the Street I don’t buy pot one way or another but that just seems real high?

[Fhios]

$700 per oz weed? Don’t think so. Hawaiian premium grown possibly but that has very limited distribution. Perhaps in some Amsterdam shops, but these types of weed lose so much potency after 1 month of harvest that it’s seldom worth buying.

$200-$300 low to medium
$300-$400 medium to high

[Publius]

A long time FReeper who rarely FReeps anymore works for the board.

[knarf]

I used to deal it at $25 - $35 an oh zee.

[Rich from PTD]

Oh cry me a river, pot heads will use any excuse to get high, now it’ll be financial hardship!

[QT3.14]

Chill out. I meant that as /S

[dynachrome]

"prices are plummeting as new retailers plod the market"

Proof reader was testing the weed.

[umgud]

I think most of the cartels have made the switch to legal MJ in WA, CO, so they did not cut the criminals out of the picture either.

[ConservingFreedom]

$700 per oz weed?

Not any more: "prices have dropped from $25 to $30 per gram to about $10 a gram now."

[cuban leaf]

Last time I bought it we got them in “lids”. Ten bucks.

Sheesh. I just realized that was 40 years ago.

[ConservingFreedom]

I think most of the cartels have made the switch to legal MJ

What does that even mean - what role do cartels allegedly play in the legal MJ market?

[cuban leaf]

I live in Cornbread Mafia country. If you want it, you grow it. Most people garden around here.

On the other hand, I see my share of DEA choppers here.

[KC_Lion]

Ping for your Interest.