- The Weed Blog https://www.theweedblog.com

Will Recreational Marijuana Prices Plummet In Colorado Next Year?

37
Share.

marijuana cash industry bankingI have always maintained that if the blackmarket is going to be put out of business in Colorado and Washington, prices would have to drop significantly from what they are right now. Sure, there are lots of people out there that are willing to pay $60-$85 an eighth, but true veterans (the consumers that make up a bulk of the market) will not pay those prices forever, if at all. Fortunately, more and more growers are getting their operations up and running and will soon be flooding the market with fresh supply. That, combined with increasing competition from new shops opening up, should affect prices quite a bit in Colorado and Washington.

At least one store owner agrees. Per Reason:

The advantages of a medical card should wane as supply rises and recreational prices fall. Kayvan Khalatbari, co-owner of Denver Relief, a medical dispensary that started serving recreational consumers in July, says after-tax prices in that market average $50 to $60 per eighth. He expects those prices to plummet by next year, however, as growers ramp up production and new suppliers enter the market. As of October 1, dispensaries no longer have to grow 70 percent of their inventory, and businesses dedicated to cultivation will be allowed.

“I would not be surprised, given the flood that’s going to happen, if we see $10 and $15 eighths by early next year,” Khalatbari says. “I would believe that. I could see ounces being sold for $50. I truly see that happening, because there is going to be so much competition [and]people are becoming so efficient in their production. They’re automating much more. We’re seeing best practices settle in. There’s less risk in operating because people are operating at a higher level. I think we’re going to become a very efficient industry very quickly. We’re going to see competition, and we’re going to see prices hit rock bottom early next year.” At that point, he predicts, the black market will dwindle away.

If prices for eighths truly fall to the $10-15 range, it would definitely eliminate the blackmarket in surrounding areas. No gang, cartel, or dealer can compete at those prices, especially since people would prefer to shop from a large selection, something that stores offer but the blackmarket generally doesn’t. Even at $140 an ounce, which is the average predicted price in Oregon if Measure 91 passes, I don’t see the blackmarket sticking around.

Share.

About Author

We’re everything you need to know about marijuana – your #1 source of important marijuana-related information. From the plant and its benefits to its place in culture and society, TWB has you covered! News. Culture. Science. Cooking. Growing. Industry. Advocacy. You can find this and so much more.

37 Comments

  1. The people who want indoor weed will still exist, but overall all the new and casual smokers that emerge from legal availability will smoking the cheap outdoor weed. The indoor weed that has high potency, flavor and different smells will be like the wine drinkers of the alcohol business. Most people dont care about that, they just go for whats cheap and get them buzzed. The new wine snobs of this era are gonna be the “weed connesiours”, its already happening, you may be one and not realize it.

  2. No, its because only the saffron pistols are harvested from the flower, its like plucking three eyelashes from each flower. That’s why saffron is so expensive. The saffron flower itself is not used.

  3. Nicolas Edwards on

    ” Unless you plan to juice it for the medicinal value, which doesn’t get you high.”

    The edibles market uses fan leaves just fine and not for medicinal value. You really don’t know what your talking about.

  4. ROFLMFAO!!!!! HAVE FUN WITH THAT ONE BRO! Lets roll some fattys outa
    some fan leaves! Tasty! get SOOO Stoned! Like 0.2% thc in it, maybe
    some cbd’s or other random shit that get “you” high, but
    not me. Maybe from Lack of Oxygen to the Brain.

    That shit is trash. Unless you plan to juice it for the medicinal value, which doesn’t get you high.

Leave A Reply