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Recreational Marijuana Prices Plunge In Washington State

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marijuana washington state felony drug possessionWhen legal marijuana went on sale in Washington last summer, the prices were astronomically high. There was not enough supply to go around, there was a lot of hype in the air because marijuana was going to be sold legally for recreational purposes for the first time on the West Coast, and marijuana stores took advantage of the situation. People were paying $100+ for an eighth of marijuana. My how things have changed since then.

The average price for recreational marijuana in Washington has fallen to $12 per gram. With reports that there is a surplus of over 46,000 pounds of recreational marijuana in Washington State right now, I’d expect that number to stay the same, or drop even further. Per The Joint Blog:

The price of legal recreational cannabis has dropped significantly in recent months in Washington, according to new data released by the state’s Liquor Control Board.

According to the Board, the average price of recreational cannabis throughout the state is $12 a gram. When sales began in July, average prices were near $30 a gram.

The prices in Washington State are still too high. Even with prices falling over 50%, the prices are still more than twice as high as they are on the black market. The black market will never be eliminated at that rate. With that being said, a lot of stores in Washington are barely scrapping by because they have lowered their prices as much as they can, but due to Washington State taxes and federal 280e provisions, there’s not much left for store owners after all is said and done. Washington needs to revamp the marijuana tax structure, and the feds need to reform 280e provisions, if the marijuana industry is ever going to reach its full potential in Washington.

 

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42 Comments

  1. we all must pay a fair tax on things & the rich should pay the billions they owe, makes for a better country

  2. Hagbard Celine on

    I read an economic analysis of what legal weed in all fifty states would mean pricewise .The conclusion they reached was that it would be so cheap that loose joints would be like sugar and salt packets are now.

  3. BabydickBinLaden on

    lmfao, how many people have you heard get busted since it got legalized. i know people that grow right in there fucking front yard.

  4. BabydickBinLaden on

    agreed, i only buy black market. Because shortly after it was legalized everyone i knew started growing and selling to me for less than 5 bux a gram. fuck paying that shit tax.

  5. I just did the math on my 6 plant personal crop. Costs me a bit over $100 for soil amendments, water, clones, neem oil … comes out to about 40 cents/gm, & I go for discreetness over yield. It will last me a full year and I’ll have plenty leftover. Share with friends, most of who have their own crop to also share. Bake the small buds/leaves into edibles. Never have to deal with high price retail or black-market dealers and never run out.

  6. I believe he’s growing his own and has figured he pays about 5 cents/gram, $2/gm after he spends the time trimming. Probably about right. How much does basil go for? I can buy a bunch for $1 at the farmers market. Cannabis is easier to grow and produces a higher yield.

  7. I’m not saying out door marijuana can’t be good. Look what nattyrem said, buys at 5 cent a gram and sells at 2$ a gram. Why would anybody want to be involved with the cannabis trade at those rates?!

  8. You do not know what the hell your even saying. I just harvested some outdoor grown cannabis – one hit and your good for 4 hours.

  9. You do not know what the hell your even saying. 5 cent a gram?
    Sell for 2$ a G?

    Your growing outside and not producing quality thc

  10. Does anyone know if Washington dispensaries need a certificate of good standing? if not is there an equivalent?

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