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I would argue that medical marijuana is really where the money went. In states where there is only medical and not rec, you have to pay hundreds a year to get

I would argue that medical marijuana is really where the money went. In states where there is only medical and not rec, you have to pay hundreds a year to get and keep your prescription. Anyone can get one they just have to say literally anything to a weed doctor and you get the prescription. It took me 15 minutes. Couple hundred bucks a couple times a year though to keep it. The people making money are the few politically well connected companies that have growers licenses and the doctors prescribing it. The grow licenses are worth tens / hundreds? of millions. Its honestly insane, everyone knows anyone can get a license if they have the $, but at the same time we continue to arrest and imprison people that don't have the money or the where withal to get a license.

flutas 4y ago
> The people making money are the few politically well connected companies that have growers licenses and the doctors prescribing it. The grow licenses are worth tens / hundreds? of millions. Honestly knowing some of the backend of a grow in a medical only state, the grows aren't where the money is. The article glances over this very quickly, but real money is in the dispensaries. (this is from a dispensary angle) > Carl Giannone, the co-founder of cannabis company Trade Roots in Massachusetts, said an eighth of an ounce used to reliably sell for $55. Now he has to price it near $40. > “And the scary part is that product that’s selling for $40, I can buy from a large wholesaler for $7.50,” he said. > “The green rush has never happened,” Luchini said. Nothing like a 533% markup.
- edmundsauto 4y ago
  533% markup isn’t all that different than retail, where they use the $1-$2-$4 rule of thumb. $1 to make, wholesale price $2, charge customers $4. Or alcohol, where a $10 wholesale bottle of whiskey will sell for > $100 (20+ shots at $5/shot). Retail is mostly overhead, not product. Something like cannabis, which is cash only and requires extra security, is actually fairly within norms.

flutas 4y ago

> The people making money are the few politically well connected companies that have growers licenses and the doctors prescribing it. The grow licenses are worth tens / hundreds? of millions. Honestly knowing some of the backend of a grow in a medical only state, the grows aren't where the money is. The article glances over this very quickly, but real money is in the dispensaries. (this is from a dispensary angle) > Carl Giannone, the co-founder of cannabis company Trade Roots in Massachusetts, said an eighth of an ounce used to reliably sell for $55. Now he has to price it near $40. > “And the scary part is that product that’s selling for $40, I can buy from a large wholesaler for $7.50,” he said. > “The green rush has never happened,” Luchini said. Nothing like a 533% markup.

edmundsauto 4y ago
533% markup isn’t all that different than retail, where they use the $1-$2-$4 rule of thumb. $1 to make, wholesale price $2, charge customers $4. Or alcohol, where a $10 wholesale bottle of whiskey will sell for > $100 (20+ shots at $5/shot). Retail is mostly overhead, not product. Something like cannabis, which is cash only and requires extra security, is actually fairly within norms.