I have always said that the cost of legal marijuana will largely determine if it is considered to be successful by many people. If the cost of legal marijuana in Colorado and Washington is more than it costs on the black market, then clearly there is a problem. I have heard people toss around the figure of thirty dollars per gram after taxes in Washington State, which would be sad considering that people can buy good marijuana on the black market right now for as low as five dollars per gram. Below is an article about how much Uruguay plans on charging, which is considerably lower than any figure that I have heard coming out of Colorado and Washington:
Courtesy of The Joint Blog
Cannabis is on the verge of being legalized in Uruguay, with the nation’s House of Representatives recently passing a president-backed legalization measure which has enough support in the Senate to be approved. Once the law takes effect, cannabis possession and private home cultivation will be legalized for adults 18 and older, as will government-authorized sales through cannabis clubs and designated pharmacies.
Under the proposed regulation system, cannabis will be sold at only $2.5 per gram,according to Univision.
According to advocates of the proposed law, having the price set at a reasonable rate is important, so to sway people away from the black-market which tends to fund criminal enterprises.
As the nation moves forward with this plan to legalize and regulate cannabis, the whole world is watching closely. In September, Uruguay’s president will give a speech to the United Nations, defending this new policy.