Retail marijuana in Colorado twice as costly as medical pot

  • Article by: Alison Vekshin , Bloomberg News
  • Updated: January 6, 2014 - 9:04 PM

Medical marijuana is half the price of that sold for recreational use.

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CayshedJan. 6, 14 9:11 PM

Can someone please help me understand how 20 states/legislators/voters can say medical MJ is beneficial all the while it remains a schedule 1 drug right along with meth and heroin? Um, Department of Justice....this question is directed squarely at you. Maybe you should put it through the same rigors as other new pharmaceuticals before you assume such a back asswards stance?? Please do enjoy your next happy hour/pub crawl/keg party, hypocrites.

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hokey57Jan. 6, 14 9:31 PM

If you overprice retail the buyers will just buy it off the street at a cheaper price. Supply and demand is not a good arguement when one has other alternatives. If you price gough wrongly thinking youre the only game in town will put you out of business.

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nessmessJan. 6, 1410:27 PM

never fear.... The black market will be able to provide users with twice the amount for half the price and 4x the potency

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remlap1980Jan. 6, 1410:33 PM

Yeah, $50 an 1/8th sounds about right.

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dragon2000Jan. 6, 1410:38 PM

$45 an eighth for superior quality product is already street pricing when going through the "middle man markup." The sellers already know this, because they were probably sellers or users before the legalization. The main idea is we quit prosecution and incarceration for catching a buzz that's safer than alcohol in so many ways.

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ekholmJan. 6, 1411:22 PM

The average price in CO is $236.24/oz for high quality (based on a sample of 2191 respondents) which comes to $29.38 for an 8th. If the state expects this thing to work; they are going to need to shave at least $10.00 off the price.

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barbjensJan. 7, 14 6:48 AM

What a waste. There has to be a better place to put their money. These same people probably have nothing in savings and not much put aside for when they get older or maybe they do not plan on getting "older".

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ericgus55Jan. 7, 14 7:51 AM

Yes, immediately after Prohibition ended, there were still bootleggers with cheap product to sell, but eventually the legitimate market will run the 'black market' almost completely out of business. That's the whole point of the legalization movement - it's a product people want, so tax and regulate so that shady 'black market' types mostly go away.

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hardrainJan. 7, 14 7:52 AM

barbjens, a lot of those legal weed buyers are "older". They're the boomers who've been waiting since the 60's for society to come to it's senses.

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averagejoemnJan. 7, 1410:31 AM

Lets not start complaining about price now. Nice shop to buy in. Plenty of selection. Quality control. Legal.

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