U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 07-03-2008, 01:49 PM
 
Location: Georgia, on the Florida line, right above Tallahassee
10,474 posts, read 14,168,385 times
Reputation: 6374

Advertisements

Drugs.

I don't do 'em. I drink, every once in a while. I think I had a drink like last August or something. But, I grew up around drugs. Mostly weed, but you could find the rest, if you wanted it. A 'lid" or 1 oz. of pot would go for about 80 bucks.

I see it is now $2506 bucks. An ounce.

How can people AFFORD THIS? Do they sell it by microgram now?

toledoblade.com -- Man on Ohio Turnpike charged in $4.7M marijuana bust

That's 4,170,000 worth of drugs...divided by 104... divided by 16.

I'm thinking "overly valued?" I knew some people, who...well not recently..but like a few years past, who smoked weed. I know they couldn't have afforded it at $2506 an ounce.

So, why such a large price? I don't get it. I sense it was overblown to look impressive and like "We're making a dent! WOOHOO!"

This might not belong in this forum...but hey...drugs (and the law enforcement that comes with it) are BIG business.

Ever hear of "Prison stock?" No? Really? Prisons are big business, too.


prison stock - Google Search

3 prison stocks poised to break out - MSN Money (http://moneycentral.msn.com/content/P105034.asp - broken link)
Reply With Quote Quick reply to this message

 
Old 07-09-2008, 05:16 PM
 
Location: Right were I should be!
1,081 posts, read 1,503,577 times
Reputation: 1114
Well, look at the price of gas. When I first got my license (yes, they did have them WAY back then!) it was $.95/ gallon. Now it's over $4.00!!!! That's over 300% increase in 20 years.
Reply With Quote Quick reply to this message
 
Old 07-09-2008, 08:44 PM
Status: "The 2nd most Interesting Man" (set 10 days ago)
 
Location: DFW - Coppell / Las Colinas
35,471 posts, read 38,875,114 times
Reputation: 42431
There should be price controls on Pot and if the price gets to high the Govt should step in & bail us out.

I always thought by now Pot would be legal, it's much less harmful than booze. (I don't smoke) Think of all the problems here & in Mexico that would be cleared up if you could buy it down at the local liquor store.
Reply With Quote Quick reply to this message
 
Old 07-10-2008, 06:13 AM
 
Location: Apex, NC
3,067 posts, read 7,577,398 times
Reputation: 2546
Quote:
Originally Posted by Siobjuan View Post
Well, look at the price of gas. When I first got my license (yes, they did have them WAY back then!) it was $.95/ gallon. Now it's over $4.00!!!! That's over 300% increase in 20 years.
Gas in some places was less than that 9½ years ago. I saw gas for $.69 a gallon at an interstate truck stop off of I-95 in GA back in Dec. 1998. Once we got into Florida we paid $1.25 a gallon and my jaw just about hit the floor from how expensive it was.
Reply With Quote Quick reply to this message
 
Old 07-10-2008, 12:00 PM
 
Location: Ohio
21,311 posts, read 15,089,573 times
Reputation: 17741
Quote:
Originally Posted by 70Ford View Post
Drugs.

I don't do 'em. I drink, every once in a while. I think I had a drink like last August or something. But, I grew up around drugs. Mostly weed, but you could find the rest, if you wanted it. A 'lid" or 1 oz. of pot would go for about 80 bucks.

I see it is now $2506 bucks. An ounce.

How can people AFFORD THIS? Do they sell it by microgram now?
It's Supply & Demand, and they gladly steal from you for the money.
Reply With Quote Quick reply to this message
 
Old 07-10-2008, 12:52 PM
 
Location: anywhere
1,730 posts, read 4,205,658 times
Reputation: 1860
Not that I would know anything about it lol but in Florida you can still get an ounce for less than $ 100.00. Must be some super duper stuff to be selling for $ 2500 an oz.
Reply With Quote Quick reply to this message
 
Old 07-11-2008, 02:11 PM
 
Location: Maryland not Murlin
8,208 posts, read 22,808,354 times
Reputation: 6183
104 pounds of high quality marijuana has a street value of less then $500,000 depending on how it is divvied up and sold. Like everything else, the price of dope is dependent on supply and demand, and with that, an ounce of the good stuff can go between $100 and $300 depending on the quality, your location and how dry the market is.

For the record, I do not smoke dope, nor do I sell it.
Reply With Quote Quick reply to this message
 
Old 07-11-2008, 03:33 PM
 
Location: Apple Valley Calif
7,474 posts, read 20,683,969 times
Reputation: 5629
I have to believe the figure stated is a misprint. I'm an old, worn out dude way past the days of smoking, but I take some night school classes, and during breaks have heard the pot heads making deals for around $70 an ounce.
I would like to see it legalized, sell it for $100 dollars a pack, and that would be about 95% tax. Might ease some of our tax burden
Reply With Quote Quick reply to this message
 
Old 07-11-2008, 09:27 PM
 
9,638 posts, read 24,384,528 times
Reputation: 5304
I don't believe the figure. Back in the day when there were major busts they always vastly exaggerated their hauls on the news..." Police seized 8 marijuana cigarettes today with an estimated street value of 15 housand dollars."
Reply With Quote Quick reply to this message
 
Old 07-11-2008, 10:25 PM
Status: "The 2nd most Interesting Man" (set 10 days ago)
 
Location: DFW - Coppell / Las Colinas
35,471 posts, read 38,875,114 times
Reputation: 42431
Quote:
Originally Posted by Ira500 View Post
I don't believe the figure. Back in the day when there were major busts they always vastly exaggerated their hauls on the news..." Police seized 8 marijuana cigarettes today with an estimated street value of 15 housand dollars."
Ira, maybe we should supply our clients when we list their house. They might be a little more laid back when we get in all those crappy lowball offers.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 06:35 PM.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top