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Thread: Colorado, Washington Legalize Recreational Marijuana

  1. #41
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    Re: Colorado, Washington Legalize Recreational Marijuana

    Quote Originally Posted by Simon W. Moon View Post
    Why will it be any different than other produce?
    I know a lot of people who grow their own tomatoes and basil. But most people don't. A few local farmers bust their asses and make a living growing them. But for the most part, you can't really make any money by growing and selling tomatoes or fresh herbs w/o investing a sizable chunk of change and an even larger chunk of effort.
    Why will pot be different than various other produce?
    It's still illegal in 48 states. Even though Washington and Colorado technically restrict the distribution to their own states, I think it's going to be inevitable that it will easily leak across their state borders. They'll become the suppliers for the rest of the country where it's illegal (at least until more states legalize it). So I don't think it's quite on par with tomatoes...at least not yet.

    Definitely a positive step IMO. This will be a body blow to the Mexican drug cartels (which still get a majority of their revenue from marijuana rather than cocaine) and various street gangs in the US.
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    Re: Colorado, Washington Legalize Recreational Marijuana

    I am happy to say that I did my part in the passage of the law in Colorado.

    However, I don't plan to start getting high again. I gave up drugs and alcohol 30 years ago.
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    ― Robert A. Heinlein, Beyond This Horizon

  3. #43
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    Re: Colorado, Washington Legalize Recreational Marijuana

    Quote Originally Posted by The Barbarian View Post
    First because of price, Im not sure what a ounce goes for where you are but it starts at about 200 an ounce . A single plant can yield between 5 and 10 oz making the return in savings or sales of $1,400 per plant The comparisons you give, should even be funny to you. What farmer do you know that gets that sort of return per plant ??
    But w/o the govt interfering as much in the market I don't think that the prices will remain as high. PRices are kept artificially high because of the risks involved. If someone could grow their own risk free, would they still pay $200/oz?
    I think that if pot were legal, the price would plummet. I certainly don't think that the current prices in a market which the govt heavily interferes with will be any indication of what teh prices would be if the govt merely taxed pot instead of incarcerating the growers, sellers and buyers.

    why would the price of pot, if it were legal be any higher than the price of basil.

    Quote Originally Posted by The Barbarian View Post
    The cost to start growing is a bag or two of miracle grow potting soil, and a couple of large pots. Hardly the cost of setting up a garden or a farm ..
    If there's such a low barrier to entry, the market will see a glut of growers. Whoever is growing the best most efficiently will be the one who sets the price which other growers must undercut to do business.
    Supply goes up, prices goes down. The easier it is to get started, the more the supply increases. The more the supply increases the less money you can demand for the product.

    Quote Originally Posted by The Barbarian View Post
    Im not saying that big time farming is going to start up but I am saying is that nearly every smoker is going to grow his own, why .. Because its a simple thing to do, and the savings vrs buying it amounts to a good deal of money.
    If nearly every smoker grows his own, then then not only is the supply going up, but the demand is going down. That also tells us that the price would go below the current price.
    If it's so easy to grow, and there'll be so many people growing it, why won't it be priced like basil?

    Quote Originally Posted by The Barbarian View Post
    Now if you happen to be able to sell a few bags to your buddies .. Well that just offsets your growing costs.
    Maybe. But again, you won't be getting anything like the price you were getting when pot was illegal for the reasons I mentioned above.
    It'd be like trying to sell one of your friends some zucchini you grew in your garden.
    I may be wrong.

  4. #44
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    Re: Colorado, Washington Legalize Recreational Marijuana

    Quote Originally Posted by Kandahar View Post
    It's still illegal in 48 states. Even though Washington and Colorado technically restrict the distribution to their own states, I think it's going to be inevitable that it will easily leak across their state borders. They'll become the suppliers for the rest of the country where it's illegal (at least until more states legalize it). So I don't think it's quite on par with tomatoes...at least not yet.
    I was thinking in a more general sense of pot being legal.
    I may be wrong.

  5. #45
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    Re: Colorado, Washington Legalize Recreational Marijuana

    Quote Originally Posted by Simon W. Moon View Post
    Why will it be any different than other produce?
    I know a lot of people who grow their own tomatoes and basil. But most people don't. A few local farmers bust their asses and make a living growing them. But for the most part, you can't really make any money by growing and selling tomatoes or fresh herbs w/o investing a sizable chunk of change and an even larger chunk of effort.
    Why will pot be different than various other produce?
    Its a little more difficult than most produce.

    Sexing, trimming upper leaves so lower get light. Drying and curing properly is an art in itself.

    Barring taxation, prices will come down dramatically, but it will still be more expe sive than vegetables.

    Fine weed is like fine wine, with commensurate valuation. And some medical strains don't get you high to.speak of. Pain management strains fall into this category. So theres some value added for specificity for certain conditions.
    Anyone wondering what I'm talking about start here:
    The Psychology of Persuasion

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    Re: Colorado, Washington Legalize Recreational Marijuana


  7. #47
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    Re: Colorado, Washington Legalize Recreational Marijuana

    Quote Originally Posted by Simon W. Moon View Post
    But w/o the govt interfering as much in the market I don't think that the prices will remain as high. PRices are kept artificially high because of the risks involved. If someone could grow their own risk free, would they still pay $200/oz?
    I think that if pot were legal, the price would plummet. I certainly don't think that the current prices in a market which the govt heavily interferes with will be any indication of what teh prices would be if the govt merely taxed pot instead of incarcerating the growers, sellers and buyers.

    why would the price of pot, if it were legal be any higher than the price of basil.

    If there's such a low barrier to entry, the market will see a glut of growers. Whoever is growing the best most efficiently will be the one who sets the price which other growers must undercut to do business.
    Supply goes up, prices goes down. The easier it is to get started, the more the supply increases. The more the supply increases the less money you can demand for the product.

    If nearly every smoker grows his own, then then not only is the supply going up, but the demand is going down. That also tells us that the price would go below the current price.
    If it's so easy to grow, and there'll be so many people growing it, why won't it be priced like basil?

    Maybe. But again, you won't be getting anything like the price you were getting when pot was illegal for the reasons I mentioned above.
    It'd be like trying to sell one of your friends some zucchini you grew in your garden.
    I agree with what you are saying now, but my post was about the revenue that you claimed Colorado would see, and I said in my opinion it would go down, you with your post are saying the exact same thing .

    But you are bring up another problem, With the price plummeting in Colorado, how long is it going to be before some (not all) will decide that hey .. You know if we just drive across the state line, we can get double or triple the price? Now you are looking at sending people to jail for interstate trafficking in drugs and spending even longer period of time in jail for a very small quantity of pot.

    Again let me make it clear, I don’t disagree with the law, I’m just pointing out some of the problems that is going to arise from it. In my opinion the law was thrown together without much forethought .
    Allowing people to grow for their own use is not a good thing until it becomes a federal law.

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    Re: Colorado, Washington Legalize Recreational Marijuana

    Quote Originally Posted by What if...? View Post
    Fine weed is like fine wine, with commensurate valuation.
    There're many more liters of vin de pays than grand cru.
    I may be wrong.

  9. #49
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    Re: Colorado, Washington Legalize Recreational Marijuana

    I wonder what this will mean for college applications in Colorado and Washington.

  10. #50
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    Re: Colorado, Washington Legalize Recreational Marijuana

    Didn't the Obama Regime sue Arizona for going against Federal law?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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