| Posted on Thu, January, 9th 2014 by THCFinder
If you think that you're high, just wait until you hear about the prices that are coming with the legal weed in Colorado. Smoking without worrying about cops busting down your door is dope, don't get me wrong. But how keen are you on paying $100 for an eighth of weed that used to cost you $50 from your friend across town. Are the prices high enough to turn some stoners away from legal bud and back to street dealers? It's possible with a slight sacrifice.
People showed up to wait for legal bud on the 1st of this month got a real shock when they reached the registers to pay for their pack of legal pot. The 25% tax is a lot more intimidating when you're looking at your tab on the computer display. And what if you're that asshole that didn't happen to bring enough money? Now you're just holding up the line and everyone behind is you is cranky and sober. Rachel Gillette, the executive director at NORML, witnessed top shelf cannabis being sold to recreational users at a whopping $400 an ounce, a price tag you rarely see with the exception of the far north states, where growing marijuana is difficult indoors and the outdoor conditions are too unpredictable. Forget about the fact that this $400 price didn't include the 25% marijuana tax or the state issued tax that is also applied. Talk about breaking the bank. Medical prices will remain at their normal price, which is around $20 an ounce plus tax, a staggering drop from the recreational price. Medical cannabis users will also avoid the 25% tax, which will only apply to recreational users in the state and tourists.
The prices are all over the place, with some dispensaries selling an eighth at $25 one day and $70 the next. Hopefully, these amounts will stabilize quickly, giving recreational users a better idea at what they'll be paying if they want to smoke. It may take a bit but even the tax may decrease, once state lawmakers figure out that legalizing cannabis can only be a good thing for their local economies.
Last year, Colorado State released a report saying that the estimated level price of an ounce at retail will end up being somewhere around $185 an ounce before taxes. That seems like an alright price, definitely as compared to the insane $400 an ounce price that currently seems to be the norm. If the prices don't fall, then it's estimated that a lot of stoners will fall back to the black market and street dealers, in order to keep some of their hard earned money in their pockets.