5 ms·
uh, $50 dollars an ounce is not an unreasonable price - at all.
by ianbishop 17y ago
uh, $50 dollars an ounce is not an unreasonable price - at all.
- neilc 17y agoThe "$50 per ounce" is a hypothetical tax on legal marijuana, not the hypothetical price of legal marijuana.
- Retric 17y agoAccording to wiki answers 1 ounce of marijuana ranges from 110$ to 500$. In mass production you could probably grow marijuana at something like 1$ a pound, so like cigarettes you would mostly be paying the cost of tax. My guess is it would be a little cheaper than it is now say 65$ an ounce which would limit it's value on the black market. For comparison 1 ounce is around 2 packs cigarettes which is and ~8$, but I think marijuana has a lower active dose.
- il 17y agoWell, first of all, most people don't smoke marijuana by the ounce lol. An eighth of pot is currently around $60 on the black market, and legal sellers would probably keep the price around the same to compete. Which means, even with a $50 an ounce tax, assuming prices stay the same, there are huge profits for sellers. At the same time, pot is much cheaper than cigarettes for the user, since an ounce would probably last a casual smoker weeks or months.
- anigbrowl 17y agoFYI, an ounce is a lot of pot. I don't smoke all the time, but when I do I'd class myself as a bit of a heavy user, eg I prefer to get stoned every evening. An ounce would last me about 2 months, that'd be about $350-400 (based on buying a smaller bag once a week). In the Netherlands, a similar/quantity/buying pattern would have been about $250. This unscientific analysis (but with a very large sample size...cough...) suggests the black market premium is about 30-40%.
- tptacek 17y agoWhat's a reasonable price?
- deleted 17y ago[deleted]
- riffic 17y agoit's 6.25 bucks an eighth. I'd happily pay that as a tax, and I think a lot of other people would too.