Colorado Pot prices dropping

[The Rabbi]

I'd be interested in hearing from the Tea Party about cannabis taxes.

They should be equal to tobacco taxes. Pretty simple, really.

I agree. Regulate it and tax it like tobacco.

It will probably end up getting legalized in many states for the same reason those states instituted lotteries: they need the money and dont care about their citizens.

 

[martybegan]

It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)

Colorado s Recreational Marijuana Prices are Falling

Gee, I recall writing that this is exactly what would happen. If the tax is too high the incentive to cheat becomes enormous and since growing pot isnt exactly rocket science people would be bootlegging it and avoiding the tax.
My other prediction is that the criminal networks that developed to grow, import and distribute pot would not simply dry up and blow away but would start pushing harder drugs like cocaine and meth. I havent seen evidence of that yet but I am certain it is coming.

The question is, with legal pot, does the demand for meth and coke go up or down? All of this is demand based, something the drug war people never seem to grasp as they continue to go after the supply.

The more you limit supply, the more value the material gets, and the more people will try to provide that supply, violently if need be.

It would depend on whether they are complementary goods or substitute goods.
My point is that drug networks will look for new products to sell to maintain profits, like any business.

Yes, but they need a product with a demand, and subsequently a profit that meets the needed risks taken.

The profit margin you get from undercutting the government is no where near the one you get from ignoring the government, because one has a price cap (i.e. the government regulated price of the product) and one does not.

A portion of the former illegal growers/sellers will go into legitimate business, and yes a portion will go into harder illegal drug sales, but now that the cops don't have to sweat pot as much, they can concentrate on the hard drug networks more.

I believe if they have a pot conviction they cannot work in the legal pot industry. Could be wrong.

Like any business, Apple say, you have to create the demand for your product. Tobacco companies do this by giving away free product (or they did. That's how I got hooked). Drug dealers doubtless do the same.

Actually both usually result from peer pressure. I used pot in college because other's did it, and I know of at least 3 other people who tried it because if "that nerdy engineer could do it, why can't I". This comes from a person who has never smoked a cigarette in their life (although I do enjoy 2-3 cigars a year).

 

[martybegan]

I'd be interested in hearing from the Tea Party about cannabis taxes.

They should be equal to tobacco taxes. Pretty simple, really.

I agree. Regulate it and tax it like tobacco.

It will probably end up getting legalized in many states for the same reason those states instituted lotteries: they need the money and dont care about their citizens.

The less the government "cares" about me, the better.

 

[The Rabbi]

Gee, I recall writing that this is exactly what would happen. If the tax is too high the incentive to cheat becomes enormous and since growing pot isnt exactly rocket science people would be bootlegging it and avoiding the tax.
My other prediction is that the criminal networks that developed to grow, import and distribute pot would not simply dry up and blow away but would start pushing harder drugs like cocaine and meth. I havent seen evidence of that yet but I am certain it is coming.

The question is, with legal pot, does the demand for meth and coke go up or down? All of this is demand based, something the drug war people never seem to grasp as they continue to go after the supply.

The more you limit supply, the more value the material gets, and the more people will try to provide that supply, violently if need be.

It would depend on whether they are complementary goods or substitute goods.
My point is that drug networks will look for new products to sell to maintain profits, like any business.

Yes, but they need a product with a demand, and subsequently a profit that meets the needed risks taken.

The profit margin you get from undercutting the government is no where near the one you get from ignoring the government, because one has a price cap (i.e. the government regulated price of the product) and one does not.

A portion of the former illegal growers/sellers will go into legitimate business, and yes a portion will go into harder illegal drug sales, but now that the cops don't have to sweat pot as much, they can concentrate on the hard drug networks more.

I believe if they have a pot conviction they cannot work in the legal pot industry. Could be wrong.

Like any business, Apple say, you have to create the demand for your product. Tobacco companies do this by giving away free product (or they did. That's how I got hooked). Drug dealers doubtless do the same.

Actually both usually result from peer pressure. I used pot in college because other's did it, and I know of at least 3 other people who tried it because if "that nerdy engineer could do it, why can't I". This comes from a person who has never smoked a cigarette in their life (although I do enjoy 2-3 cigars a year).

I am sure therre are many reasons. But sellers of any product always try to market their wares to gain new customers. Drug dealers are not exempt form that.

 

[Skylar]

It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)

Colorado s Recreational Marijuana Prices are Falling

After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.

One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”

Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.

its about time. $50 for a quality 8th was outrageous. Pot is as difficult to grow as oregano. There's no production model that could justify those prices.

 

[Skylar]

It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)

Colorado s Recreational Marijuana Prices are Falling

After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.

One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”

Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.

And people say capitalism doesn't work.

I'm more shocked the government realized they needed to drop the tax a bit to squeeze out the black market a bit more.

Taxes can't be dropped enough to squeeze out a market that charges no taxes.

What the people from Colorado are saying has to be true. The legal market is tourist. The locals still buy from the dealers they always bought from.

Kinda. One thing traditional dealers can't really provide is variety of application. They may have some great green. But what if you want to eat it. Or you're looking for high THC pot butter for cooking? Or you want it vaporized. They've got little to nothing.

A lot of habitual pot users I know enjoy the shops because they have many more choices. Plus, the medical grade shit tends to be more consistent. While dealer sold is much like the farmer's market. Things come in seasons.

 

[martybegan]

The question is, with legal pot, does the demand for meth and coke go up or down? All of this is demand based, something the drug war people never seem to grasp as they continue to go after the supply.

The more you limit supply, the more value the material gets, and the more people will try to provide that supply, violently if need be.

It would depend on whether they are complementary goods or substitute goods.
My point is that drug networks will look for new products to sell to maintain profits, like any business.

Yes, but they need a product with a demand, and subsequently a profit that meets the needed risks taken.

The profit margin you get from undercutting the government is no where near the one you get from ignoring the government, because one has a price cap (i.e. the government regulated price of the product) and one does not.

A portion of the former illegal growers/sellers will go into legitimate business, and yes a portion will go into harder illegal drug sales, but now that the cops don't have to sweat pot as much, they can concentrate on the hard drug networks more.

I believe if they have a pot conviction they cannot work in the legal pot industry. Could be wrong.

Like any business, Apple say, you have to create the demand for your product. Tobacco companies do this by giving away free product (or they did. That's how I got hooked). Drug dealers doubtless do the same.

Actually both usually result from peer pressure. I used pot in college because other's did it, and I know of at least 3 other people who tried it because if "that nerdy engineer could do it, why can't I". This comes from a person who has never smoked a cigarette in their life (although I do enjoy 2-3 cigars a year).

I am sure therre are many reasons. But sellers of any product always try to market their wares to gain new customers. Drug dealers are not exempt form that.

They were/are limited in their marketing ability due to it's illegality. Again, I never had a dealer push anything on me, I got my pot from my friends. I was a "donating moocher", I never bought myself, I just gave money to my friends who smoked regularly.

I am curious to see what limits they are going to apply to advertising in Colorado though.

 

[francoHFW]

The damage done to people arrested for pot should be taken into account. The only people I know still using are those who've been arrested. Pisses them off...

 

[martybegan]

It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)

Colorado s Recreational Marijuana Prices are Falling

After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.

One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”

Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.

its about time. $50 for a quality 8th was outrageous. Pot is as difficult to grow as oregano. There's no production model that could justify those prices.

In NYC you pay at least $80 for an 8th of good stuff.

 

[Skylar]

It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)

Colorado s Recreational Marijuana Prices are Falling

After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.

One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”

Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.

its about time. $50 for a quality 8th was outrageous. Pot is as difficult to grow as oregano. There's no production model that could justify those prices.

In NYC you pay at least $80 for an 8th of good stuff.

Then in NYC you're getting fucked.

 

[martybegan]

It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)

Colorado s Recreational Marijuana Prices are Falling

After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.

One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”

Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.

its about time. $50 for a quality 8th was outrageous. Pot is as difficult to grow as oregano. There's no production model that could justify those prices.

In NYC you pay at least $80 for an 8th of good stuff.

Then in NYC you're getting fucked.

its the price of everything, not just pot.

 

[OKTexas]

It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)

Colorado s Recreational Marijuana Prices are Falling

After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.

One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”

Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.

Well I guess it's time for the feds to get involved, this has to be effecting interstate commerce. Maybe they need to establish an allotment system for the growers like they have for tobacco.

 

[martybegan]

It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)

Colorado s Recreational Marijuana Prices are Falling

After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.

One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”

Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.

Well I guess it's time for the feds to get involved, this has to be effecting interstate commerce. Maybe they need to establish an allotment system for the growers like they have for tobacco.

In light of the recent Supreme Court Decision, that might not be possible.

 

[Harry Dresden]

It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)

Colorado s Recreational Marijuana Prices are Falling

After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.

One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”

Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.

And people say capitalism doesn't work.

I'm more shocked the government realized they needed to drop the tax a bit to squeeze out the black market a bit more.

Taxes can't be dropped enough to squeeze out a market that charges no taxes.

What the people from Colorado are saying has to be true. The legal market is tourist. The locals still buy from the dealers they always bought from.

The locals still buy from the dealers they always bought from
how the **** do you know?....you are one of the more clueless people in this forum on pot....you would not know the difference between a joint and a Cigarette...why dont we let the posters who actually live there tell us who is buying what....

 

[OKTexas]

It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)

Colorado s Recreational Marijuana Prices are Falling

After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.

One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”

Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.

Well I guess it's time for the feds to get involved, this has to be effecting interstate commerce. Maybe they need to establish an allotment system for the growers like they have for tobacco.

In light of the recent Supreme Court Decision, that might not be possible.

Well the same can be accomplished by having the DEA raid selective growers, where's there a will................

 

[martybegan]

It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)

Colorado s Recreational Marijuana Prices are Falling

After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.

One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”

Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.

Well I guess it's time for the feds to get involved, this has to be effecting interstate commerce. Maybe they need to establish an allotment system for the growers like they have for tobacco.

In light of the recent Supreme Court Decision, that might not be possible.

Well the same can be accomplished by having the DEA raid selective growers, where's there a will................

i see a decided lack of will on this. I have a feeling Obama is going to punt this to the next president.

 

[Skylar]

It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)

Colorado s Recreational Marijuana Prices are Falling

After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.

One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”

Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.

Well I guess it's time for the feds to get involved, this has to be effecting interstate commerce. Maybe they need to establish an allotment system for the growers like they have for tobacco.

In light of the recent Supreme Court Decision, that might not be possible.

Well the same can be accomplished by having the DEA raid selective growers, where's there a will................

i see a decided lack of will on this. I have a feeling Obama is going to punt this to the next president.

Its pot. Pretty harmless as drugs go. The only rational reason I could see Obama enforcing this would be on a supply basis across the border driving crime in Mexico......or an 'integrity of the law' argument.

The former resolved by sweet, sweet home grown green. The latter by recognizing that its a stupid law.

 

[Iceweasel]

True. Prohibition never solves a problem, it only creates worse problems.

Cool story bro. Let's legalize heroin!

btw, China had a huge opium problem and outlawed it. Solved the problem. Until the Brits made them legalize it, then the problem came back. Then the solved it again. Put your bong down and get some air. You bozos are why pot smoking has had a rough road, drunks don't usually think they're smarter but they sober up. Potheads don't seem to sober up.

 

[BlindBoo]

I'd be interested in hearing from the Tea Party about cannabis taxes.

They should be equal to tobacco taxes. Pretty simple, really.

I agree. Regulate it and tax it like tobacco.

It will probably end up getting legalized in many states for the same reason those states instituted lotteries: they need the money and dont care about their citizens.

Like throwing them into the slammer shows they care so much......

 

[Flash Farley]

There is so much weed and hash in Spokane that the retail pot stores are only getting out of state customers from Idaho and Montana. Us locals have all the free weed we can use. It's weedtopia around here. Never seen anything like it. It's really great because there are no gangs making money on it.