lets talk marijuana economics
 

is there really about to be a massive gold rush in colorado?

:helpme

I have a feeling there will be some serious money to be made. I was just reading earlier tonight that many of the stores are already sold out of product or likely will be in the next few days because of demand. Individual store demand may shrink as more stores open up, but I also think overall demand will increase. There are likely a good number of people who are waiting a little while to buy just to be sure they aren't going to get busted.

I also read about a woman who owns a limo and she started a tour that is similar to wine tours only she will take you to different week stores. She drives you around to the different stores, lets you go in and shop and then drives you home. She is booked solid every day for the next two months.

Between the actual stores, growers and suppliers of various products for the stores as well as side businesses that support the industry I think we are going to see a lot of businesses created and thriving in that state and likely Washington when it comes online.

If things work well in those states I think it is only a matter of time until more states come on board hoping to cash in on the tax money raised by week sales.

http://www.weedist.com/wp-content/up...le-by-2018.png



The Green Rush is on... :smokin

:stoned

ADG

i wonder about the possibility of legal pot being more expensive than illegal pot due to restrictions in legal supply. i dont know how the pot stores are regulated though. just that if demand is gonna be a gold rush, how does enough legal supply get made?

Colorado just lost 85 million a year worth income due to their idiotic new gun laws. I wonder if the money generated by marijuana sales will make up for it?

In one hand, they are saying "Federal laws aren't strong enough to protect our citizens."

In the other hand they say "Federal laws are too strict so we're going to ignore them and sell drugs."

I think the supply is low because commercial growing for retail sales was illegal until 1/1/14. Stores are currently selling their MMJ suppy.

The prices will definitely drop after October when new regulations go into effect. Those without existing MMJ stores will be able to open retail shops or grow and sell wholesale.

Anyway, you have to live in CO for 2 years before they'll give you any cannabis license.


http://www.denverpost.com/marijuana/...ons?source=pkg

I just heard on the new that New York state approved medical marijuana!!!
And yes there is money in it.

In the business
 

Before when Colorado only had medical pot, I read an article about the licensed growers. The background check alone was a nightmare. Sounded like getting cleared to be an FBI agent would be easier. Growers were required to have their grow houses fully camera-ed up. The bookkeeping was impossible. It sounded like the state expected each plant to yield exactly the same amount, so if you were short, you were in serious trouble.

Article made it sound like one long headache.

Eventually more states will see how profitable it will be and jump on board.getting quality growers to get established seems to be the issue.you need a massive network

You also have close to $50,000 in state and city licensing fees, the IRS will not allow any write offs because its still an illegal activity under Federal law, and it is extremely difficult to find a bank that will allow you to bank with them so most are stuck accepting only cash.

Here's a list of the fees just for the state:

http://www.colorado.gov/cs/Satellite...me=CBONWrapper

yeah. The supply side is gonna be where all the problems are. Demand is the easy part.

Marijuana is healthier for you than cigarettes. But both will still kill you with cancer. Human beings just weren't meant to breath in smoke. Our bodies and especially our lungs function best when breathing in clean air.

http://1.bp.blogspot.com/-GSEp7UKih5...ana_blkwht.jpg

Among the other nice benefits of vaping, is that your supply lasts longer, and you can save your leftover vape material and use it to make delicious and potent edibles (some cannabinoids are still present after vaping). :2 cents:

:stoned

ADG

There was a guy on Reddit the other day who runs a pot store in Denver. He did an AMA and was talking about some of the crazy things you have to go through. Every step of the operation has to be on video. You harvest the pot and have to put it in containers that are labeled and sealed with a special coded device. When you then move it to another room to sort it and grade it you have to put it in a different container and seal it with a different device. You repeat that step again for getting it ready for retail and then again for putting it out for sale. He said the number of dumb, redundant steps are just insane.

At the moment it is. There were a few people on Reddit over the last few days that have purchased it from the stores, but also had bought it through illegal means in the past. One guy said what would have cost him $25 from a dealer now costs about $40 from the store, but he is ready and willing to the pay the extra to be legal and not have to deal with scumbag dealers.

There were also stories that high demand has sent prices through the roof.

The prices should come down as supply increases. Supposedly there are only about 35 stores that are through the licensing process and are open for business, but there are over 150 more that are still in the licensing process. As those stores (many of which are growers as well) come online the supply will increase.

Looks like some bright spark managed to tell the difference between a harmless recreational drug with a zero death toll and.......the other thing you were wittering about.

Thars gold in that there green!

Pot commerce rocks guys

420 man!!!!!!!

the price for 1 ounce of top shelf medical marijuana was/is ~$300
the price for 1 ounce of top shelf recreational marijuana is ~$400

colorado dept of revenue estimates $600m in first year sales. while there may be a shortage initially, due to not being able to legally grow recreational weed before jan 1, colorado authorities granted a 1 time ability to transfer medical marijuana inventory over to recreational for cultivators.

a good source for accurate news

http://mmjbusinessdaily.com/


the actual legislation covering colorado marijuana

http://www.colorado.gov/cs/Satellite...&ssbinary=true

an overview of how cultivationg marijuana is monitored (no offense kane but getting facts on this from a doper on reddit is not the best source:winkwink: )

http://www.rfidjournal.com/articles/view?11283/2



:)

http://i888.photobucket.com/albums/a...ster/taxes.jpg


This same purchase would have been $150 - $175 before recreational pot became legal.

not in my significant experience, weed by the gram was not $6/g.

top shelf weed prices, for quite a long while have been

$15/g
$50 1/8th
$160 1/2

$300 full ounce

that receipt shows the price is only ~$63 higher + tax

I'm talking about weed prices in Colorado at a dispensary. The price here has been averaging $25 - $30 an eighth and $150 - $175 an oz for the past year and a half.

in holland we allready make good money with pot

i know, i travel to colorado often, my family is there, and i do business there. i've never seen or heard sour diesel (and other top-shelf strains) going for anywhere near $150-175/oz

which dispensary were you getting that price?

Here's just one example
https://weedmaps.com/dispensaries/co...olution?c=main

Although I admit I avoid dispensaries like the plague. I can get much better deals than even that and I can get top shelf Sour D, Maui, NYC Diesel, Buddha Sister all for $150 a zip even now.

those strains advertised at that dispensary aren't considered top-shelf a+ strains though, those prices are about right, maybe a bit high, for b->a- strains.


there seems to be a large variation on prices by dispensary in colorado more than i've noticed elsewhere, granted my personal experience purchasing in col is limited but
this is a dispensary my family member goes to, the prices are much higher here for some reason.

https://weedmaps.com/dispensaries/co...c=dispensaries

but i see what you are saying, i don't think our #s are that far apart, well maybet they aer, i've was thinking the price increase was ~33%, your saying it had doubled (+ the tax)

perhaps it depends a lot on location.

I'm willing to bet those were not the same prices that they were a week ago. The example I gave were selling oz's for $125 of their crap just months ago. The funny thing is dispensaries are always higher than from other sources and the quality is horrible. Not once have I ever seen anything that was cured come out of a dispensary, always tiny popcorn overdried nugs.

But to give you an idea here is an article about the prices here shooting up...

High Demand: Price of legal marijuana soars in Colorado

A Colorado State University report released last April forecasts retail prices settling at around $185 per ounce.

Next time you're in Colorado hit me up, I'll show you what I mean.

right on we can try and add to that 36 peeps in colo died from weed overdose story that was posted recently! :1orglaugh

Big money going to be made.

:1orglaugh:1orglaugh

$150 - $175 per ounce is wholesale prices - That's what dispensaries get them for and if you are buying at that price through the dispensary, then you are getting a hell of a deal

Dont count only the major surplus in taxes, but also the less criminal charges, jailing etc because of small pot usage ;)

:1orglaugh:1orglaugh:1orglaugh

that guy needs a massive bong ripper! i gotta kcik outta the patient's name he quoted- jesse pinkman! :1orglaugh:1orglaugh:1orglaugh

That's before taxes though.

When it's that cheap compared to other dispensaries, I also question the quality.

I love my dispensary. :)

If there are no ill effects from legalization in CO, it will slowly go elsewhere. Around 1/2 of people now favor legalization and the middle will look at the effects in the pilot states. If all goes well, no stories of high surgeons, high cab drivers, high baby sitters, etc then US sales will be a lot higher than $6b annual.

No More States Go Legal
 

Here's why most states won't go legal, they'll owe millions, possibly billions to private prisons, if they are not full.

http://www.rawstory.com/rs/2013/09/2...imum-capacity/

A Federally illegal narcotic vs. an inanimate object that holds ammunition. It doesn't take a very "bright spark" to know who the idiot is here. :2 cents:

lol, you really are clueless of the world around you eh

I see your point but I think voters still control what laws are made to some extent, even in states without a popular vote model.

Large contractors get their asses handed to them all the time when states pass laws. Those corps may be able to fuck the little guy, but representatives still want to get re-elected.

Again, how much the federal government decides to get involved will matter greatly.

No no no no. That is 100% patently false.

Cannabis even smoking absolutely DOES NOT cause cancer. Cannabis cures cancer. Lung cancer rate in cannabis smokers is lower than those that smoke nothing. I'll be glad to back it up with studies as well.

An eight country wide on average is about 45 to 50.00. 25 would be for reg with seeds and stems. It is 6 days later and people are still waiting outside the stores. It will all even out soon enough. As the Recreational stores become more and more plentiful and supply comes up prices will drop. A year from now things will be quite different. The taxes are bullshit but everyone knows we have to all put up with them for the time being. Once acceptance is gained that the world isn't going to explode if a plant is legal... the taxes will get cut.

I'm moving to Colo near the end of next month can't wait. :)

What temp do you vape at?

Everyone even from Canada will be coming to Colorado just for Weed filled weekends.

sour diesal here goes for 50 8th 100 quarter and up

I think people will no wallmart out for weed, I think they will prefer to get it from people they trust. So there is a goldmine but for the locals that have already been working the industry.

There are several theories. From my extensive trial and error experience using an accurate vaporizer, I came up with the following process...

I start at 350°F, and increase by 5°F as each bag is filled, until the temp reaches 380°F. I usually get at least 8 bags from a full bowl of cannabis (about the same amount of herb as you would put into a rolled joint).

The reason for the gradual temperature rise is due to the different vaporization points of different cannabinoids, so this way you can get a wider range of cannabinoids.

Additionally (and a great extra benefit of vaporizing), you can save up your leftover vape material (which is not burned), and use it to create cannabutter or cannaoil, for making cannabis edibles (brownies, etc).

I use one of the most precise (and expensive) heating systems, the Storz-Bickel Volcano, which retails for around $600:

http://www.storz-bickel.com/shop-usd...mages/49_0.jpg

http://www.storz-bickel.com/vaporize...on-system.html



I know some people who set their vaporizer to 420°, however at that temperature you will burn the cannabis causing toxins to be released (plus you are wasting good cannabis).

:stoned

ADG

ADG, can you help me sort out vaping for medicinal purposes? from what i've been able to gather, vaping doesn't heat the cannibanoids that are medicinal, the cbd v thc cannibanoids.

i don't know if i'm not understanding it all correctly or what........

any help is appreciated.

:)

This is what the prices are in Florida for the best stuff. Of course if you know someone you can get it cheaper

We have the same unit, use the same temps; my impression is it is a waste of weed. I don't get nearly as medicated from the volcano as I do from even the most basic pipe.