4 ms·

Legalization could slash the price of pot 80%

14 points by edw519 16y ago

jedsmith 16y ago
Which, ironically, makes it harder for legalization advocates to get it done. No matter which side you're on, it's tragic that uncertainty will probably kill this motion - at least, that's how the article read to me.
- ojbyrne 16y ago
  This seems clearly to be written from an anti-legalization perspective as a worst case scenario.
deleted 16y ago
[deleted]
jawngee 16y ago
God I hope so. We are paying $100 an eighth for Sour Deisel in NYC. Outrageous.
- DrJokepu 16y ago
  While I don't take drugs I know people who do and let me tell you that they're making a fool of you; $100 for an eighth is way too high anywhere in the world, even in NYC. Anything above $50 is completely unrealistic (and even that's ridiculously expensive). You should find a better "young entrepreneur".
  - drivebyacct2 16y ago
    "While I don't take drugs" This is both hilarious and obvious from the rest of your post. Number one, you don't take pot and lumping it in with other drugs is simply ignorant. Number two, $50 is not bad at all for good stuff. $50 is a scam if you're buying reg, and I'm sorry that your informed source apparently is; it's not worth any amount of money in my opinion.
  - jawngee 16y ago
    Well I know people who have been smoking for well over 25 years (me) and I can tell you the bud I buy for $100 an eighth is Amsterdam Cup quality. And $50 has been the norm for an eighth in NYC for the last 10+ years. It's still outrageous though. I used to buy similar quality for $450 an oz. That guy is doing 15 years now though.
    - DrJokepu 16y ago
      Well, where I live (London, UK), the regular price for "Amsterdam" quality is £20 for an eighth, which is about $30, it's a bit surprising that they charge that much for it in NYC. I suppose all the smuggling and the demand make it more expensive. But once again, I don't take any drugs, I only heard about it from friends / heard about it on the radio, so I don't have any first-hand experience, of course.
keefe 16y ago
This is all a bunch of nonsense. First off, we couldn't even manage to pass gay marriage because of the large number of conservatives who vote, but who we don't hear about. $38 for an ounce? Even optimizing everything with NO taxes, this would be incredibly difficult. Not that I have researched the matter...
- parfe 16y ago
  Growing it at home is practically free. Like home-brewing beer people will grow for fun. More entertaining than a tomato garden.
  - jonknee 16y ago
    ... And much like home-brewing it won't destroy the market for commercial sale (Inbev does OK).
  - keefe 16y ago
    except for all the electricity, fertilizer, equipment, water? You ever look up the type of lights you need and how much power they draw? how quickly various bits of the setup degrade? but yes people will grow a plant or two for fun...
    - parfe 16y ago
      Having never looked into it before http://www.specialty-lights.com/plantgrow-questions.html#functioning http://www.specialty-lights.com/plantgrow-questions.html#fun... $250 for a 400W grow light with a 5 year warranty $20/mo for the electric for the lights $16 to fill a 5,000 gallon pool. No idea how much water the plants would need, but I assume less than that but lets say that is a monthly cost. $14 for a 40lb bag of fertilizer Never had to purchase drugs, but lets say the seeds of the strain you want cost $250. $500 startup cost and $50/mo for running costs. 5 producing plants and 5 seeding plants Over the course of a year you spend $600. The net claims 17.5oz average yield per plant. Unless I made a gross error $30/oz is completely reasonable.
      - 16y ago
swah 16y ago
Whould it be heavily taxed like cigarettes?
protomyth 16y ago
The author of the article doesn't understand the government's capacity to tax.
- clavalle 16y ago
  Not to mention peoples appetite for profit and the power of anchoring.
CapitalistCartr 16y ago
Pot is a weed. It's like growing St. Augustine grass, or dandelions. If it were legal to grow, before taxes it'd be about a dollar an ounce to make wholesale. Decent soil, lots of water, my favorite 8-12-16 fertilizer, epson salts, a bit of iron sulfate, and that stuff would explode. Once it's being grown on many acres, the cost per ounce is trivial.

14 points by edw519 16y ago

Which, ironically, makes it harder for legalization advocates to get it done. No matter which side you're on, it's tragic that uncertainty will probably kill this motion - at least, that's how the article read to me.

ojbyrne 16y ago
This seems clearly to be written from an anti-legalization perspective as a worst case scenario.

deleted 16y ago

[deleted]

jawngee 16y ago

God I hope so. We are paying $100 an eighth for Sour Deisel in NYC. Outrageous.

DrJokepu 16y ago
While I don't take drugs I know people who do and let me tell you that they're making a fool of you; $100 for an eighth is way too high anywhere in the world, even in NYC. Anything above $50 is completely unrealistic (and even that's ridiculously expensive). You should find a better "young entrepreneur".
- drivebyacct2 16y ago
  "While I don't take drugs" This is both hilarious and obvious from the rest of your post. Number one, you don't take pot and lumping it in with other drugs is simply ignorant. Number two, $50 is not bad at all for good stuff. $50 is a scam if you're buying reg, and I'm sorry that your informed source apparently is; it's not worth any amount of money in my opinion.
- jawngee 16y ago
  Well I know people who have been smoking for well over 25 years (me) and I can tell you the bud I buy for $100 an eighth is Amsterdam Cup quality. And $50 has been the norm for an eighth in NYC for the last 10+ years. It's still outrageous though. I used to buy similar quality for $450 an oz. That guy is doing 15 years now though.
  - DrJokepu 16y ago
    Well, where I live (London, UK), the regular price for "Amsterdam" quality is £20 for an eighth, which is about $30, it's a bit surprising that they charge that much for it in NYC. I suppose all the smuggling and the demand make it more expensive. But once again, I don't take any drugs, I only heard about it from friends / heard about it on the radio, so I don't have any first-hand experience, of course.

keefe 16y ago

This is all a bunch of nonsense. First off, we couldn't even manage to pass gay marriage because of the large number of conservatives who vote, but who we don't hear about. $38 for an ounce? Even optimizing everything with NO taxes, this would be incredibly difficult. Not that I have researched the matter...

parfe 16y ago
Growing it at home is practically free. Like home-brewing beer people will grow for fun. More entertaining than a tomato garden.
- jonknee 16y ago
  ... And much like home-brewing it won't destroy the market for commercial sale (Inbev does OK).
- keefe 16y ago
  except for all the electricity, fertilizer, equipment, water? You ever look up the type of lights you need and how much power they draw? how quickly various bits of the setup degrade? but yes people will grow a plant or two for fun...
  - parfe 16y ago
    Having never looked into it before http://www.specialty-lights.com/plantgrow-questions.html#functioning http://www.specialty-lights.com/plantgrow-questions.html#fun... $250 for a 400W grow light with a 5 year warranty $20/mo for the electric for the lights $16 to fill a 5,000 gallon pool. No idea how much water the plants would need, but I assume less than that but lets say that is a monthly cost. $14 for a 40lb bag of fertilizer Never had to purchase drugs, but lets say the seeds of the strain you want cost $250. $500 startup cost and $50/mo for running costs. 5 producing plants and 5 seeding plants Over the course of a year you spend $600. The net claims 17.5oz average yield per plant. Unless I made a gross error $30/oz is completely reasonable.
    - 16y ago

swah 16y ago

Whould it be heavily taxed like cigarettes?

protomyth 16y ago

The author of the article doesn't understand the government's capacity to tax.

clavalle 16y ago
Not to mention peoples appetite for profit and the power of anchoring.

CapitalistCartr 16y ago

Pot is a weed. It's like growing St. Augustine grass, or dandelions. If it were legal to grow, before taxes it'd be about a dollar an ounce to make wholesale. Decent soil, lots of water, my favorite 8-12-16 fertilizer, epson salts, a bit of iron sulfate, and that stuff would explode. Once it's being grown on many acres, the cost per ounce is trivial.