Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Demand puts premium on recreational marijuana prices in Colorado
FT ^ | 06 Jan 2014 | Shannon Bond

Posted on 01/06/2014 12:14:37 PM PST by Theoria

People looking to buy marijuana in Colorado are facing steep price hikes, long queues and shuttered stores as demand for recreational sales, which became legal in the state on New Year’s day, outstrips supply.

“Prices for adult-use cannabis are both higher than medical (as expected) and going up since opening on January 1 based on limited supply and even larger than expected demand,” said Betty Aldworth, deputy director of the National Cannabis Industry Association.

The trade group does not formally track prices, but estimates that recreational cannabis is selling for an average of $400 an ounce in Colorado – twice the $200 charged on average for an ounce of medical marijuana.

At the Clinic Colorado in Denver, prices for recreational, or adult-use, marijuana ranged from $55 to $77 per eighth-ounce portion – the most commonly sold amount – compared with $37 to $46 for medical patients.

The supply squeeze is partially due to how Colorado has set up its retail market. For the first nine months of this year, dispensaries must grow 70 per cent of what they sell and growers must sell 70 per cent of what they grow through their own retail outlets, forcing vertical integration.

Only existing medical dispensaries are being granted retail licences in the early phases of Colorado’s market, adding to the bottleneck. The state has granted 136 licences to stores, but many did not begin selling immediately on January 1. Sixteen more stores have licences pending.

(Excerpt) Read more at ft.com ...


TOPICS: Business/Economy; Culture/Society; US: Colorado
KEYWORDS: colorado; marijuana

1 posted on 01/06/2014 12:14:37 PM PST by Theoria
[ Post Reply | Private Reply | View Replies]

To: Theoria

Can’t the Dept of Agriculture provide seedlings for personal growth?


2 posted on 01/06/2014 12:16:51 PM PST by Paladin2
[ Post Reply | Private Reply | To 1 | View Replies]

To: Theoria

Capitalism likes to get high too.

High profits!

Pay up to toke up!


3 posted on 01/06/2014 12:17:13 PM PST by VanDeKoik
[ Post Reply | Private Reply | To 1 | View Replies]

To: VanDeKoik

Growers expected high demand but didn’t increase production because a new Call of Duty game had been released.


4 posted on 01/06/2014 12:21:32 PM PST by AppyPappy (Obama: What did I not know and when did I not know it?)
[ Post Reply | Private Reply | To 3 | View Replies]

To: VanDeKoik

A stoned American is a controllable American.
A liberals dream!


5 posted on 01/06/2014 12:22:24 PM PST by Autonomous User (Pain Fades. Chicks Dig Scars. Glory, lasts forever.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Theoria

Import some from Kentucky, they’ve got plenty, and it would benefit small farmers.

In my world the profits would go to border enforcement.


6 posted on 01/06/2014 12:27:27 PM PST by Anton.Rutter
[ Post Reply | Private Reply | To 1 | View Replies]

To: Theoria
...prices for recreational, or adult-use, marijuana ranged from...

Okay, so how much for the child-use stuff?

Remember when this was all about the poor, poor glaucoma sufferers? Pffft... everybody knew it was a ruse to legalizes this crap. In other news, the stock prices for the makers of Doritos is now sky-high as well.

7 posted on 01/06/2014 12:28:23 PM PST by Obadiah (I Like Ted.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Theoria

I’m guessing sales and use will go down after the newness of the law dies down.


8 posted on 01/06/2014 12:28:51 PM PST by umgud (2A can't survive dem majorities)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Theoria

Is open carry permitted in these marijuana stores???


9 posted on 01/06/2014 12:29:09 PM PST by Uncle Chip
[ Post Reply | Private Reply | To 1 | View Replies]

To: Theoria

How do Police know if the MJ you have on you was bought legally or not?


10 posted on 01/06/2014 12:29:57 PM PST by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Theoria
recreational, or adult-use,

That's like calling pornographic movies "adult" movies. Adults don't do it. People with juvenile minds do...

11 posted on 01/06/2014 12:32:37 PM PST by DouglasKC
[ Post Reply | Private Reply | To 1 | View Replies]

To: Theoria
In other news - the sale of Doritos’s has caused huge supply problems in the Denver area.
12 posted on 01/06/2014 12:33:05 PM PST by yobid
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red_Devil 232
How do Police know if the MJ you have on you was bought legally or not?

Excellent question! LOL!

13 posted on 01/06/2014 12:33:17 PM PST by Ben Hecks
[ Post Reply | Private Reply | To 10 | View Replies]

To: Uncle Chip
Dunno. Many areas prohibit guns around alcohol. They might also ban marij around guns. A earlier thread hinted at prior drug use as way to prohibit purchasing a gun.
14 posted on 01/06/2014 12:36:24 PM PST by Theoria (End Socialism : No more GOP and Dem candidates)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Obadiah
Don't forget Screaming Yellow Zonkers...


15 posted on 01/06/2014 12:36:37 PM PST by carriage_hill (Peace is that brief glorious moment in history, when everybody stands around reloading.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: DouglasKC

The notion that the illegal drug trade is going to disappear is ludicrous. The pushers still have a huge teen market to feed, will be selling legally grown Colorado weed to other states and - as with cigarettes - will be selling black market at prices lower than the official government sanctioned and taxed product. Also, many of the hoodlums will shift into harder drugs or other criminal ventures. Appeasing crime will not make it disappear.


16 posted on 01/06/2014 12:36:55 PM PST by littleharbour ("All men having power ought to be distrusted to a certain degree. ~ James Madison)
[ Post Reply | Private Reply | To 11 | View Replies]

To: littleharbour

More demand, higher prices will lead to more supply from all sources. This will be an interesting experiment.


17 posted on 01/06/2014 12:38:04 PM PST by Oldexpat
[ Post Reply | Private Reply | To 16 | View Replies]

To: Oldexpat
You can have 6 plants according to the law. I suspect alot of the demand is simply tourist and such. It will be interesting though, since you can grow your own stuff where the demand will be. But, you can have a dairy cow to have milk, but most people will simply go to the store to get it.
18 posted on 01/06/2014 12:41:27 PM PST by Theoria (End Socialism : No more GOP and Dem candidates)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Theoria

That is around $8,000 a pound!

I give it less than a year and a Mexican drug cartel will take over every pot shop in CO.


19 posted on 01/06/2014 12:42:33 PM PST by Beagle8U (Unions are Affirmative Action for Slackers! .)
[ Post Reply | Private Reply | To 1 | View Replies]

To: yobid

I’ll take the brownie franchise for Boulder —


20 posted on 01/06/2014 12:44:20 PM PST by Uncle Chip
[ Post Reply | Private Reply | To 12 | View Replies]

To: Anton.Rutter

21 posted on 01/06/2014 12:47:24 PM PST by dfwgator
[ Post Reply | Private Reply | To 6 | View Replies]

To: Theoria

One large plant can yield one pound of dope for those that know what they’re doing.

6 plants = fried out of their minds 24/7/365.


22 posted on 01/06/2014 12:48:32 PM PST by Beagle8U (Unions are Affirmative Action for Slackers! .)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Theoria

Yikes !
thats a lot . .


23 posted on 01/06/2014 12:49:54 PM PST by ▀udda▀udd (>> F U B O << "What the hell kind of country is this if I can only hate a man if he's white?")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Paladin2
Can’t the Dept of Agriculture provide seedlings for personal growth?

Counting on a "Reverse Fast and Furious". Tons of the Happy Weed arriving daily from south of the border. When a nation is in decline politicians make the stupidest decisions consistently. Its what they do. Its where we are.

24 posted on 01/06/2014 12:50:33 PM PST by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
[ Post Reply | Private Reply | To 2 | View Replies]

To: Theoria

Let’s see.....someone said the cartels can do better and no taxes....


25 posted on 01/06/2014 12:52:29 PM PST by Sacajaweau
[ Post Reply | Private Reply | To 1 | View Replies]

To: Theoria
"you can have a dairy cow to have milk"

Free range Chikin's.

26 posted on 01/06/2014 12:54:03 PM PST by Paladin2
[ Post Reply | Private Reply | To 18 | View Replies]

To: Theoria

We can grow pot but can’t grow hemp even though it’s not exactly the same plant. We do import hemp. Politicians are idiots.


27 posted on 01/06/2014 12:54:11 PM PST by Sacajaweau
[ Post Reply | Private Reply | To 1 | View Replies]

To: Theoria

28 posted on 01/06/2014 12:55:08 PM PST by Paladin2
[ Post Reply | Private Reply | To 18 | View Replies]

To: Theoria

29 posted on 01/06/2014 12:55:29 PM PST by Paladin2
[ Post Reply | Private Reply | To 18 | View Replies]

To: Paladin2

I suspected that, but website navigation was lackin’.


30 posted on 01/06/2014 12:56:12 PM PST by Paladin2
[ Post Reply | Private Reply | To 29 | View Replies]

To: Sacajaweau

There is no way people will pay those wildly inflated prices.

They will figure out that there is no way for the cops to prove where you got it, and they will buy it in back of the local Taco shop.


31 posted on 01/06/2014 12:58:05 PM PST by Beagle8U (Unions are Affirmative Action for Slackers! .)
[ Post Reply | Private Reply | To 25 | View Replies]

To: Theoria

definitely “sowing the seeds” returning to the black market environment


32 posted on 01/06/2014 12:58:57 PM PST by Ranger Warrior ("To stand in silence when they should be protesting makes cowards out of men." - Abraham Lincoln)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Theoria
Headline correction: Stoners in Colorado embrace the suck of the cost of getting high the government way.
33 posted on 01/06/2014 1:00:34 PM PST by right way right (What's it gonna take? (guillotines?))
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red_Devil 232; Ben Hecks

The weed baggies are bar-coded, with ‘strain’ printed. What you do is get 6 legal bar-coded bags of dope - small amounts - then fill it with your pal’s homegrown or however you acquire it.

The .gub Ziplock is a diplomatic pouch.


34 posted on 01/06/2014 1:01:13 PM PST by txhurl
[ Post Reply | Private Reply | To 10 | View Replies]

To: Beagle8U

I agree........


35 posted on 01/06/2014 1:04:54 PM PST by Sacajaweau
[ Post Reply | Private Reply | To 31 | View Replies]

To: Theoria

The high prices just generate illegal pot sales. There will always be a market for illegal dealers - just as gun control does not stop criminals from getting guns.


36 posted on 01/06/2014 1:05:37 PM PST by rusty schucklefurd
[ Post Reply | Private Reply | To 1 | View Replies]

To: txhurl

I’m guessing there might be a market for bar coded bags. :>)


37 posted on 01/06/2014 1:15:43 PM PST by Ben Hecks
[ Post Reply | Private Reply | To 34 | View Replies]

To: Theoria
National Cannabis Industry Association


38 posted on 01/06/2014 1:18:12 PM PST by Tijeras_Slim
[ Post Reply | Private Reply | To 1 | View Replies]

To: Theoria

The government of Colorado could FUAWD.


39 posted on 01/06/2014 1:23:47 PM PST by healy61
[ Post Reply | Private Reply | To 1 | View Replies]

To: Theoria

40 posted on 01/06/2014 2:10:56 PM PST by RightGeek (FUBO and the donkey you rode in on)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson