Colorado is destroying the value of marijuana. Marijuana used to be worth more than gold. (illegal, drugs)
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Now in Colorado, they are selling it LEGALLY and its ONLY $360 dollars an oz. Even though it's being sold for almost DOUBLE the regular price. - $200 -
For example, at one pot store the San Francisco Chronicle looked at, customers were shelling out $45 for an eighth of an ounce of recreational pot, compared to the $25 charge for the same amount the shop sells for medical purposes.
This is seriously going to put a dent in the cartel's money pits. Or in some newspaper's/the cops' ability to claim marijuana is worth more than gold. When in fact, at this moment, an ounce of maijuana is only worth like 3/10th's of an ounce of pure gold. And you gotta MINE that %&*$ gold. Bud just grows, man. Sprinkle the seeds, smoke the herb.
Speaking of which - $1241.20 US Dollars for gold and about 20 bucks an ounce for silver, at the moment.
Yes, they were claiming that marijuana was worth more than twice what gold sells for. Which of course it was. I mean, why would the cops or the papers lie about the worth of some smoke? Eh? EH?
Just wait until the big ag guys start growing this for both drugs and fiber. What will it sell for when the country is harvesting half a million acres of sensemilla and a couple of million acres of hemp fiber?
Not on the East Coast-An OZ of good stuff is anywhere from $250-$500 per OZ, but that still makes it the #1 Cash Crop in the entire country at up to $8,000 per Pound.
I think the stores in CO are reasonably priced-very comparative to street prices at $60 an 1/8th.
This will do nothing about the drug cartels. They can get appx 112 ounces out of a plant. Undercut the state at even $250 an ounce and that is still $28,000 per plant.
Location: Georgia, on the Florida line, right above Tallahassee
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Originally Posted by 2e1m5a
$2824 per OZ? Not on the East Coast-An OZ of good stuff is anywhere from $250-$500 per OZ, but that still makes it the #1 Cash Crop in the entire country at up to $8,000 per Pound.
I think the stores in CO are reasonably priced-very comparative to street prices at $60 an 1/8th.
According to the newspaper it was. They got their information from law enforcement, I'm sure. It's obviously a bloated number. But it was presented as fact. Fact to the public. Fact to the judicial system. His bail is based upon the seriousness of his crime. His bail was 2 million dollars. So his bail was based on a number which was pumped up and WRONG. And, that my friends, it how it works in America.
Location: Georgia, on the Florida line, right above Tallahassee
10,472 posts, read 15,624,617 times
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Quote:
Originally Posted by pknopp
This will do nothing about the drug cartels. They can get appx 112 ounces out of a plant. Undercut the state at even $250 an ounce and that is still $28,000 per plant.
I hate to blow a hole in this argument, but when's the last time you heard of someone buying a shot of whiskey on a street corner?
God, I hate quoting Huffpo, but here ya are;
"There's a pretty considerable amount of contaminated cannabis," said Jeff Raber of The Werc Shop, a Pasadena, Calif.-based lab that tests products primarily for California dispensaries.
Many of the chemicals applied to pot plants are intended only for lawns and other non-edibles. Medical cannabis samples collected in Los Angeles have been found to contain pesticide residues at levels 1600 times the legal digestible amount.
Just like illegal moonshine used to make you go blind or die, with regulation, today, its a different story.
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