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(Time)   "Dude that's harsh, why is it always about the money? How much is my legal marijuana habit going to cost me again?"   (business.time.com ) divider line
    More: Interesting, marijuana legalization, habits  
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9763 clicks; posted to Main » on 20 May 2013 at 9:20 AM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



86 Comments   (+0 »)
   
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2013-05-20 08:33:24 AM  
About $12.50 a week?  That's less than my booze habit.  Maybe I should switch.
 
2013-05-20 08:38:46 AM  
I'm a writer, a poet, a genius, I know it.
I don't buy Chiba, I grow it
 
2013-05-20 09:01:14 AM  
Meh, get a job, hippie!
 
2013-05-20 09:05:35 AM  
How much the individual actually winds up spending on marijuana will depend on several factors, most obviously the quality (and price) of the pot and how much one smokes.

i236.photobucket.com
 
2013-05-20 09:24:12 AM  

xanadian: About $12.50 a week?  That's less than my booze habit.  Maybe I should switch.


No shiat
 
2013-05-20 09:24:33 AM  

xanadian: About $12.50 a week?  That's less than my booze habit.  Maybe I should switch.


This.  I spend far more on beer.
 
2013-05-20 09:27:07 AM  
We talking medicinal?  Obamacare should cover that then we can collectively keep the stoners in weed.  USA USA!
 
2013-05-20 09:28:40 AM  

xanadian: About $12.50 a week?  That's less than my booze habit.  Maybe I should switch.


That's based on smoking about half an eighth of mid-range bud per week. I don't know about you, but it's gonna take more than that to replace my booze habit.
 
2013-05-20 09:29:36 AM  

GORDON: We talking medicinal?  Obamacare should cover that then we can collectively keep the stoners in weed.  USA USA!


Obamacare covers things now? Weird. I thought it made you buy private insurance.
 
2013-05-20 09:29:53 AM  
I was doing a GIS for raw materials to use in a stupid MSpaint submission and found this:

www.lostartofblogging.com

I'm just gonna stick with that as my post.
 
2013-05-20 09:30:55 AM  
3.5oz per year? That's not a pot smoker - that's the "i only smoke when I drink" friend.
 
2013-05-20 09:31:03 AM  

xanadian: About $12.50 a week?  That's less than my booze habit.  Maybe I should switch.


I spend three times that PER BOTTLE.

https://www.beerworldstore.com/index.php?page=shop.product_details&f ly page=flypage.tpl&product_id=978&category_id=53&vmcchk=1&option=com_vir tuemart&Itemid=29

I also tend to not be able to see straight.
 
2013-05-20 09:32:08 AM  
What I don't get is if I'm paying $300 an ounce from the down the street, why would I want to pay more for that same ounce because of taxes. I understand it could be fun to occasionally go to the pot store to try new things, but will legalizing really drive away the black market? And why would the grower want to start paying taxes and dealing with regulators?
 
2013-05-20 09:32:56 AM  
The problem is you can't trade Grateful Dead bootlegs for legal pot.

/I may have just dated myself, can you trade Phish bootlegs for pot?
 
2013-05-20 09:33:58 AM  
$35 dollars a week for pack a day tobacco.  That's $1820 for the regular cancer sticks.
 
2013-05-20 09:34:21 AM  

JonnyG: 3.5oz per year? That's not a pot smoker - that's the "i only smoke when I drink" friend.


Seriously. I smoke like an ounce and a half of high end bud a week,
 
2013-05-20 09:34:59 AM  

Pixel_Jockey: What I don't get is if I'm paying $300 an ounce from the down the street, why would I want to pay more for that same ounce because of taxes. I understand it could be fun to occasionally go to the pot store to try new things, but will legalizing really drive away the black market? And why would the grower want to start paying taxes and dealing with regulators?


The article says that legal weed will be cheaper than illegal weed and competition will drive the price down even more.
 
2013-05-20 09:34:59 AM  

Carn: xanadian: About $12.50 a week?  That's less than my booze habit.  Maybe I should switch.

This.  I spend far more on beer.


I homebrew my own beer, make my own wine, and distill my own spirits. People who shop at the liquore $tore are throwing their money away.

//Just preempting the "I grow my own weed" crowd.
///And I really just make the wine. I'm too lazy to homebrew, and home distillation is Highly Illegal, and therefore Wrong.
 
2013-05-20 09:35:00 AM  

Carn: xanadian: About $12.50 a week?  That's less than my booze habit.  Maybe I should switch.

This.  I spend far more on beer.


According to the article's math, that assumes the average person smokes/pays for about 1.75 grams per week, which is a pretty reasonable amount.

$12.50 for over a gram is a damn good price. I should move out west.
 
2013-05-20 09:35:11 AM  
Three and a half ounces? FOR A YEAR? That wouldn't last me three months.
 
2013-05-20 09:35:28 AM  
One of the strongests arguments for legalizing the stupid stuff was the potential tax revenue so quit biatchin and pay up-it's patriotic. Unless you are opposed to roads, public schools and emergency services and desire a Somalian utopia.
 
2013-05-20 09:36:00 AM  
Its cheaper than beer or ciggarettes? must not be taxing it enough.
So will CO be keeping the price low at first, then when half the state is full-on pothead they'll raise the taxes?
 
2013-05-20 09:36:00 AM  

Tom_Slick: The problem is you can't trade Grateful Dead bootlegs for legal pot.

/I may have just dated myself, can you trade Phish bootlegs for pot?


Still dating yourself, but yes you can. :)
 
2013-05-20 09:36:16 AM  

Pixel_Jockey: And why would the grower want to start paying taxes and dealing with regulators?


Because the alternative is having their door kicked down, their dog shot in the head, and their livelihood squashed as they're taken away to prison.
 
2013-05-20 09:38:47 AM  

bopis: So will CO be keeping the price low at first, then when half the state is full-on pothead they'll raise the taxes?


Sure. That is if they want everybody to go back to buying their shiat on the black market anyway.
 
2013-05-20 09:39:02 AM  

illegal.tender: xanadian: About $12.50 a week?  That's less than my booze habit.  Maybe I should switch.

I spend three times that PER BOTTLE.

https://www.beerworldstore.com/index.php?page=shop.product_details&f ly page=flypage.tpl&product_id=978&category_id=53&vmcchk=1&option=com_vir tuemart&Itemid=29

I also tend to not be able to see straight.


A decent bottle of whisky is over $100. Good wine is over $40. $300 a week in booze is cutting back.
 
2013-05-20 09:39:55 AM  

xanadian: About $12.50 a week?  That's less than my booze habit.  Maybe I should switch.


Done in one.
 
2013-05-20 09:40:37 AM  

Pixel_Jockey: What I don't get is if I'm paying $300 an ounce from the down the street, why would I want to pay more for that same ounce because of taxes.


The article states that they anticipate a price drop when pot is legalized. Which makes sense. The black market introduces a whole mess of costs that the legal stuff wouldn't have to contend with.

Pixel_Jockey: And why would the grower want to start paying taxes and dealing with regulators?


Why do I pay taxes and deal with regulators? So I don't go to jail. Same with growers.
 
2013-05-20 09:40:37 AM  

Two16: Tom_Slick: The problem is you can't trade Grateful Dead bootlegs for legal pot.

/I may have just dated myself, can you trade Phish bootlegs for pot?

Still dating yourself, but yes you can. :)


Damn, I guess I have been sober too long. Who is the current drop out and follow band?
 
2013-05-20 09:43:05 AM  
 183 dolla for a bag for "average" weed? my arse. Me thinks I would just grow my own herb. That's about double exsisting prices under prohibition. Nobody is having to pay some poor bastard to carry half a pound in his ass across the desert so I would expect that the overhead should be cut considerably.
 
2013-05-20 09:45:25 AM  

Gonz: Carn: xanadian: About $12.50 a week?  That's less than my booze habit.  Maybe I should switch.

This.  I spend far more on beer.

I homebrew my own beer, make my own wine, and distill my own spirits. People who shop at the liquore $tore are throwing their money away.

//Just preempting the "I grow my own weed" crowd.
///And I really just make the wine. I'm too lazy to homebrew, and home distillation is Highly Illegal, and therefore Wrong.


May wanna call your lawyer about that distilling of spirits...
 
2013-05-20 09:52:47 AM  

Gonz: Carn: xanadian: About $12.50 a week?  That's less than my booze habit.  Maybe I should switch.

This.  I spend far more on beer.

I homebrew my own beer, make my own wine, and distill my own spirits. People who shop at the liquore $tore are throwing their money away.

//Just preempting the "I grow my own weed" crowd.
///And I really just make the wine. I'm too lazy to homebrew, and home distillation is Highly Illegal, and therefore Wrong.


I homebrew as well and I still spend more than $12.50 a week on beer...
 
2013-05-20 09:56:36 AM  

Dusk-You-n-Me: Pixel_Jockey: And why would the grower want to start paying taxes and dealing with regulators?

Because the alternative is having their door kicked down, their dog shot in the head, and their livelihood squashed as they're taken away to prison.


I do understand the desire to go legit for that reason, but I know guy's who have been growing for decades, and have never had their door kicked in, their dog shot in the head or their livelihood squashed as they're taken away to prison. I don't see people like that running out to go legit, and I would rather buy from them then from the inevitable corporate outfits that will pop up.
 
2013-05-20 09:58:12 AM  

HypnozombieX: 183 dolla for a bag for "average" weed? my arse. Me thinks I would just grow my own herb. That's about double exsisting prices under prohibition.


If you're paying ~$90/oz right now, the weed you're getting is far, far below average.
 
2013-05-20 09:59:53 AM  
I used to spend upwards of $2000 a year on weed, so this doesn't seem like that big a deal. Of course that estimate is based on about $40 per 1/8th every week for a year, so it would probably be double their estimate for me in a year.

That is, IF I went back to my old habits. The great irony in all of this is that, even though I live less than 10 minutes away from the WA border where they're just starting to lay out guidelines for legal pot sales, I can't smoke anymore. The career path I chose out here (machinist) kind of frowns upon drug use. The place I work for tests whenever they think they have a reason to (from a minor injury to dropping a basket of parts on the floor) and if I wanted to change companies they'd probably drug test me right off the bat.

So... No smokey for me. Oh well. Smoke one for me ya farkers!
 
2013-05-20 10:01:08 AM  
I wonder how much money is being spent on crap articles like this by those industries and individuals that are losing money thanks to the legalization of cannabis. They are sure not going to go down quietly are they? Hell, the drug advertisements on tv are usually about 24 seconds, and 16-18 seconds of them are listing dangerous side effects. But, we have to really dig into the nets to find out just how dangerous they really are. You can come up with several articles on the 'dangers' of cannabis these days in a few moments. My favorite is the constant warning about 'short term memory loss'. Umm... thats one of the reasons I use it!

/Now, what was I saying?
 
2013-05-20 10:09:41 AM  

Pixel_Jockey: I do understand the desire to go legit for that reason, but I know guy's who have been growing for decades, and have never had their door kicked in, their dog shot in the head or their livelihood squashed as they're taken away to prison. I don't see people like that running out to go legit, and I would rather buy from them then from the inevitable corporate outfits that will pop up.


He's one of thousands of growers who haven't been arrested. That's great, and if marijuana were legalized you could continue to buy from him. So...yeah.
 
2013-05-20 10:11:00 AM  
Here is Pandora's predicament:
How can we legalize it, yet make it illegal to grow and sell?
Just saying you can't sell it because we said so will only fly for so long. This isn't some home-brew or something that can go bad, this is a weed. So there is no health reason the government can give to prohibit personal sales (As far as I know).
If it is legal, then it is like any other agricultural crop.
Once that box is opened, you won't be able to close it.

Second point:
Yeah, once it becomes legal, prices WILL probably drop, however, you are telling me that the guy who rents out a store fit it out, probably hire employees and pay taxes will be cheaper than the guy growing this in his back yard?!

Don't think so.
The only element you'll have then is probably people looking for quality control over price.

/great, now we'll get stoned hipsters
 
2013-05-20 10:17:43 AM  

Resident Muslim: /great, now we'll get stoned hipsters


Actually, I think that would be a vast improvement.
 
2013-05-20 10:18:26 AM  
people who smoke daily and have a decent job are gonna need about a pound for the year. This would include holidays and friends stopping over etc.

So the 3+ onuces might be for folks who only very rarely puff.

Your habit is going to cost you probably what it costs now unless you are gonna grow it yourself. That is where the big savings is going to come from. Folks who would never risk their home now to seizure would possibly be inclined to setup a small garden.

I think the varieties will increase but the cost will be pretty stable. The cost of MJ has been pretty stable in the black market for a LONG time.
 
2013-05-20 10:22:16 AM  
Right now in Colorado top-shelf bud averages about $175-$225 an ounce. The dispensary I patronize just had a sale on an ounce of Larry OG for $150. By the way, let me say as a longtime toker, if by some chance the magnificent bastard who grew that Larry OG bud is reading this, you have grown some of the best bud I've ever smoked in 25 years of imbibing.
 
2013-05-20 10:30:23 AM  
Hmm, I guess I smoke less than average based on some of the comments here. (Though more than average going by TFA.)

Usually 1/4 oz ($50-60 depending on quality) lasts hubby and I about 2-3 weeks.

Still much much less than cigarettes and booze, which is one of the reasons why I don't generally partake in either of those.

/Canadian
 
2013-05-20 10:30:47 AM  

Carn: Resident Muslim: /great, now we'll get stoned hipsters

Actually, I think that would be a vast improvement.


Hipsters are usually already stoned.
 
2013-05-20 10:36:09 AM  

xanadian: About $12.50 a week?  That's less than my booze habit.  Maybe I should switch.


shiat.  I generally spend more then that on alcohol every night.
 
2013-05-20 10:37:33 AM  
Exactly what constitutes a habit? because that amount seems sightly low for a habitual user.
 
2013-05-20 10:43:25 AM  

mactobain: I'm a writer, a poet, a genius, I know it.
I don't buy Chiba, I grow it


Possession is half the law 
I had my routines before alla y'all 
Your whole life is coming apart at the seams 
You ain't nothing but a car thief biting routines 
See, I'm a city slicker I ain't no townie 
Right now I wish I had another hash brownie 
Like Ricky always said you've got to toke and pass 
Or mookie's gonna kick your motherfarkin ass!
 
2013-05-20 10:45:00 AM  

JonnyG: 3.5oz per year? That's not a pot smoker - that's the "i only smoke when I drink" friend.


Yea, if 3.5 oz annually is considered average, I'm definitely an outlier.
 
2013-05-20 10:51:34 AM  
This is nonsense.

If marijuana were completely legal, it would sell for no more than $10 per ounce, and probably less than that.  Look at the price of tobacco or cinnamon or oregano or other such spices which would be similiarly expensive to produce.  Marijuana only costs hundreds of dollars per ounce because it's illegal.
 
2013-05-20 10:55:01 AM  

GanjSmokr: JonnyG: 3.5oz per year? That's not a pot smoker - that's the "i only smoke when I drink" friend.

Yea, if 3.5 oz annually is considered average, I'm definitely an outlier.


I suspect that "average" is the amount of pot smoked in the state divided by the number of adults, or even just the population. It's news math, it's not scientifically rigorous.
 
2013-05-20 10:59:06 AM  

kindms: Your habit is going to cost you probably what it costs now unless you are gonna grow it yourself. That is where the big savings is going to come from. Folks who would never risk their home now to seizure would possibly be inclined to setup a small garden.


If you think there's a cost savings possible with gardening- especially quality gardening- you're deceiving yourself. It's an expensive habit, especially at first. Just getting things established above "throw a seed in the ground and see what happens" gets pricey. Quickly. And that's before you try and do things like maintain optimal soil pH.

I grow peppers, not pot, but I know I'd be much better off financially going to a store to but my individual peppers. They can take advantages of economies of scale to lower their overall price. I like growing my own, and it's satisfying to nom on something you raised from a seed... but it's tough to argue that it's saving me money in any way.
 
2013-05-20 11:06:42 AM  

2chris2: This is nonsense.

If marijuana were completely legal, it would sell for no more than $10 per ounce, and probably less than that.  Look at the price of tobacco or cinnamon or oregano or other such spices which would be similiarly expensive to produce.  Marijuana only costs hundreds of dollars per ounce because it's illegal.


No, marijuana costs hundreds of dollars an ounce because that's what the market says it's worth. Its legality is a factor in that, but not the only one.

If no one was willing to pay more than $10 an ounce, that would be how much marijuana cost. Well, that would be how much it theoretically cost, anyway. At that price, the fact that it's illegal would deter almost everyone from getting involved in the business, and supply would be almost non-existent.

Supply-side may set a price floor, but demand will set a price ceiling.
 
2013-05-20 11:17:40 AM  

Gonz: 2chris2: This is nonsense.

If marijuana were completely legal, it would sell for no more than $10 per ounce, and probably less than that.  Look at the price of tobacco or cinnamon or oregano or other such spices which would be similiarly expensive to produce.  Marijuana only costs hundreds of dollars per ounce because it's illegal.

No, marijuana costs hundreds of dollars an ounce because that's what the market says it's worth. Its legality is a factor in that, but not the only one.

If no one was willing to pay more than $10 an ounce, that would be how much marijuana cost. Well, that would be how much it theoretically cost, anyway. At that price, the fact that it's illegal would deter almost everyone from getting involved in the business, and supply would be almost non-existent.

Supply-side may set a price floor, but demand will set a price ceiling.


My point is that, given the demand for marijuana, and the cost of producing it, if it were legal, it would sell for less than $10 per ounce.  A decent sized farm could produce marijuana for a few dollars per ounce at most.  But right now, everyone involved is risking being arrested and having everything seized, so consumers pay a lot of money.
 
2013-05-20 11:18:59 AM  

hasty ambush: One of the strongests arguments for legalizing the stupid stuff was the potential tax revenue so quit biatchin and pay up-it's patriotic. Unless you are opposed to roads, public schools and emergency services and desire a Somalian utopia.


The tax issue was a secondary reason (though still a good one). The primary money bit is how much would be saved on people/time/equipment since you are no longer rounding up, trying, and incarcerating people for the possession of a ... well... weed.

Call me silly or foolish, but if you could guarantee me a place that I could go without being hassled or arrested and buy some good mids for $50 a quarter then HURRY UP AND TAKE MY FARKING MONEYS!

/and beware of the cantaloupe haze
//it cheated and sucker-punched me
///at least that's my story and I'm sticking to it
////or I will as soon as I stop sticking to the sofa
 
2013-05-20 11:34:11 AM  

Gonz: kindms: Your habit is going to cost you probably what it costs now unless you are gonna grow it yourself. That is where the big savings is going to come from. Folks who would never risk their home now to seizure would possibly be inclined to setup a small garden.

If you think there's a cost savings possible with gardening- especially quality gardening- you're deceiving yourself. It's an expensive habit, especially at first. Just getting things established above "throw a seed in the ground and see what happens" gets pricey. Quickly. And that's before you try and do things like maintain optimal soil pH.

I grow peppers, not pot, but I know I'd be much better off financially going to a store to but my individual peppers. They can take advantages of economies of scale to lower their overall price. I like growing my own, and it's satisfying to nom on something you raised from a seed... but it's tough to argue that it's saving me money in any way.


Don't you think over the long run you'll save money, even considering if you need to buy some extra soil, fertilizer each year?  I just invested a lot to set up a second bed in my yard.  I spent several hundred bucks on stuff but considering produce prices, I figure I might earn that back even this year if everything grows well.  In future years, I expect to spend under $50 to maintain each bed between seeds, soil, starters and whatnot and you can get hundreds of bucks worth of produce.  Hell I planted a lot of peppers and I might get my money back just on those.  I am probably being optimistic since I'm only on year two.  Plus, this is another hobby for me so I'm happy to spend a little extra money on something that I don't strictly need (fancy cedar for raised bed instead of cheap lumber at hardware store).  I was actually just reading that small scale organic gardening is more efficient and cheaper than agro-biz.  The use more energy in fuel than the food energy they provide.  Using manual labor to do everything takes away that cost.  Of course if you factor that in and assign a wage to yourself for that labor you aren't beating them.  But if you say "this is a chore I need to do to provide good eats for myself" then I think you're beating the pants off them.

/my grandma has had a huge garden for years and it doesn't cost her much at all aside from seeds.  She has her owned canned veggies all year - more than she can eat
//I hope I can try to can some stuff this year.  tomatoes, jalapenos, pickles
///need to setup some irrigation and consider collecting rain water
 
2013-05-20 11:38:34 AM  

2chris2: My point is that, given the demand for marijuana, and the cost of producing it, if it were legal, it would sell for less than $10 per ounce.  A decent sized farm could produce marijuana for a few dollars per ounce at most.


You're confusing two totally different issues. OK, "confusing" is a harsh word. Let me phrase it differently:

On the supply side, if marijuana was totally legal, it could be produced more cheaply. I don't have a hard number for that, but for the sake of simplicity, let's go with your $10 an ounce. That number doesn't really matter, so no need to split hairs on the point.

The other side of the chart os demand. Someone earlier in the thread mentioned $300 an ounce. Let's assume- again, for the sake of simplicity- that that's the current market price. Again, the actual number itself doesn't matter as much as the concept.

Now, you and I are both farmers. We both grow legal weed. It costs us $10 an ounce to produce our weed, and the current market price is $300 an ounce. We're competing for a finite amount of pothead dollars, and we both have the overall goal of maximizing profits. We've got some secondary goals as well, like avoiding maintaining too large an inventory and taking into account the consumer's preference for "Farm-Fresh dope".

When you start to sell your weed, what price will you try to set? $10, and you break even. $300, and the market's current demand nets you $290 profit an ounce. However, price it too high, and I'll undercut you. Price it too low, and you're leaving revenue on the table. We'd probably end up somewhere in the middle, in the range of about $160/ oz. The consumer would be happy- they're "saving" $140 an ounce. We'd be happy- we're making our nice profit of $150/ oz (which gets cut when you start considering our other expenses... but that's a whole new level of complexity). It would balance out.
 
2013-05-20 11:48:52 AM  
They should just sell us a damn license every year to grow our own and be done with it.

The money is what it always was about.
 
2013-05-20 11:51:14 AM  

Gonz: 2chris2: My point is that, given the demand for marijuana, and the cost of producing it, if it were legal, it would sell for less than $10 per ounce.  A decent sized farm could produce marijuana for a few dollars per ounce at most.

You're confusing two totally different issues. OK, "confusing" is a harsh word. Let me phrase it differently:

On the supply side, if marijuana was totally legal, it could be produced more cheaply. I don't have a hard number for that, but for the sake of simplicity, let's go with your $10 an ounce. That number doesn't really matter, so no need to split hairs on the point.

The other side of the chart os demand. Someone earlier in the thread mentioned $300 an ounce. Let's assume- again, for the sake of simplicity- that that's the current market price. Again, the actual number itself doesn't matter as much as the concept.

Now, you and I are both farmers. We both grow legal weed. It costs us $10 an ounce to produce our weed, and the current market price is $300 an ounce. We're competing for a finite amount of pothead dollars, and we both have the overall goal of maximizing profits. We've got some secondary goals as well, like avoiding maintaining too large an inventory and taking into account the consumer's preference for "Farm-Fresh dope".

When you start to sell your weed, what price will you try to set? $10, and you break even. $300, and the market's current demand nets you $290 profit an ounce. However, price it too high, and I'll undercut you. Price it too low, and you're leaving revenue on the table. We'd probably end up somewhere in the middle, in the range of about $160/ oz. The consumer would be happy- they're "saving" $140 an ounce. We'd be happy- we're making our nice profit of $150/ oz (which gets cut when you start considering our other expenses... but that's a whole new level of complexity). It would balance out.


Yes, and then two more farmers would spring up and undercut us both and they'd be making huge profits selling it for $100 per ounce, and we'd have to lower our prices, and then more farmers start selling it for $75 per ounce, and everyone lowers their prices, and so on, until finally the price is not much more than the cost of producing and distributing it.  Capitalism leads to low prices.
 
2013-05-20 11:54:50 AM  
Legalization has always been a good idea, but we weren't under the illusion that the tax man and legislators at all levels weren't going to get their fingers in the pie, were we? Look at how alcohol has been handled since the repeal of prohibition.

/lives in a "Liquor Commission" controlled state - bitter
 
2013-05-20 11:59:29 AM  
Pot heads discussing economics is as funny as meth heads discussing biochemistry.
 
2013-05-20 12:04:51 PM  
1-2 one-hitters is enough to knock down the neck pain without the existential crisis.  Ain't nobody making a lot off this motherfarker.
 
2013-05-20 12:47:36 PM  
I see the math has been done, yeah $11 a week, sign me up.

/c'mon TX, we can do it!
 
2013-05-20 12:49:29 PM  
All TFA is telling me is that legal weed will cost me WAY, WAY less than what I'm currently spending.
 
2013-05-20 12:54:26 PM  

PonceAlyosha: GanjSmokr: JonnyG: 3.5oz per year? That's not a pot smoker - that's the "i only smoke when I drink" friend.

Yea, if 3.5 oz annually is considered average, I'm definitely an outlier.

I suspect that "average" is the amount of pot smoked in the state divided by the number of adults, or even just the population. It's news math, it's not scientifically rigorous.


If you had read the article, you'd know that your suspicion is wrong.
 
2013-05-20 01:14:44 PM  

2chris2: Gonz: 2chris2: ...Capitalism leads to low prices ...


Yet the costs of cars keeps rising, as does gas, as does anything else people think they "need." Cigarettes and booze are a good example of this. Prices keep creeping upwards and they'll start at what people were used to paying and toss on taxes, passing the "savings" on to the consumer. They'll charge whatever they can force the consumer to pay. This "capitalism" you speak of isn't a miracle cure, nor is it a consumer protection.
 
2013-05-20 01:22:22 PM  

i.imgur.com

 
2013-05-20 01:52:23 PM  

PonceAlyosha: I suspect that "average" is the amount of pot smoked in the state divided by the number of adults, or even just the population. It's news math, it's not scientifically rigorous.


There was so many problems with that article I stopped bothering to count, but it did post how many adults were estimated to smoke each year.  642,772, or 12.5% of the population.

Given the posts here, that seems to include those that are expected to smoke it 1-2 times a year.

2chris2: until finally the price is not much more than the cost of producing and distributing it. Capitalism leads to low prices.


Only modification to this I'd make is whether or not the existing farmers are able to leverage their experience to differentiate their product in some way - 'Finest Weed since 1999'; 'Nice mint aftertaste', whatever.

Oh, and through experience and depreciated assets being able to produce it cheaper than the new guys.  But yeah, logically speaking if you can make it for $10/pound with a couple year's experience, there should be enough competition that it's not going to retail for much more than $30/pound*.

*For most food in the USA, retail price is multiple times that of what the farm sells it for.
 
2013-05-20 01:58:13 PM  
"It took about 150 years, starting with a Bill of Rights that reserved to the states and the people all powers not explicitly delegated to the federal government, to produce a Supreme Court willing to rule that growing corn to feed to your own hogs is interstate commerce and can be regulated by Congress." -- David Friedman, THE MACHINERY OF FREEDOM (p.146)

www.eastvalleynewsnet.com
 
2013-05-20 02:04:58 PM  
$185 per ounce

I'm getting ripped off.
 
2013-05-20 02:55:43 PM  

DoughyGuy: he career path I chose out here (machinist) kind of frowns upon drug use.


Alcohol is a drug.

/just sayin
 
2013-05-20 03:09:28 PM  

Pixel_Jockey: What I don't get is if I'm paying $300 an ounce from the down the street, why would I want to pay more for that same ounce because of taxes. I understand it could be fun to occasionally go to the pot store to try new things, but will legalizing really drive away the black market? And why would the grower want to start paying taxes and dealing with regulators?


If people are willing to spend $300 an ounce, maybe I should open a business.

/Colorado resident
 
2013-05-20 03:21:26 PM  

argylez: DoughyGuy: he career path I chose out here (machinist) kind of frowns upon drug use.

Alcohol is a drug.

/just sayin


Yeah, but as long as you don't need to sip from a flask all day to keep from getting the shakes no one cares.

But fark you if you smoked weed on your time off a month ago.  That shiat is some seriousness.
 
2013-05-20 03:43:38 PM  

Gonz: kindms: Your habit is going to cost you probably what it costs now unless you are gonna grow it yourself. That is where the big savings is going to come from. Folks who would never risk their home now to seizure would possibly be inclined to setup a small garden.

If you think there's a cost savings possible with gardening- especially quality gardening- you're deceiving yourself. It's an expensive habit, especially at first. Just getting things established above "throw a seed in the ground and see what happens" gets pricey. Quickly. And that's before you try and do things like maintain optimal soil pH.

I grow peppers, not pot, but I know I'd be much better off financially going to a store to but my individual peppers. They can take advantages of economies of scale to lower their overall price. I like growing my own, and it's satisfying to nom on something you raised from a seed... but it's tough to argue that it's saving me money in any way.


That's because peppers don't sell for $250-$300 per ounce.  If they did, you would notice a significant savings.  I bought a decent (not commercial by any means) set-up used for about $250, and 10 weeks later I had 8 ounces of medical-quality buds.  It is not only a money-saver, but can can quickly become a profitable business.

/I only grow for myself and my fiance
//We are both medical MJ cardholders
 
2013-05-20 03:46:01 PM  

lewismarktwo: argylez: DoughyGuy: he career path I chose out here (machinist) kind of frowns upon drug use.

Alcohol is a drug.

/just sayin

Yeah, but as long as you don't need to sip from a flask all day to keep from getting the shakes no one cares.

But fark you if you smoked weed on your time off a month ago.  That shiat is some seriousness.


1/10?  Either way, thanks for the lulz
 
2013-05-20 03:51:32 PM  

ReverendJynxed: 2chris2: Gonz: 2chris2: ...Capitalism leads to low prices ...

Yet the costs of cars keeps rising, as does gas, as does anything else people think they "need." Cigarettes and booze are a good example of this. Prices keep creeping upwards and they'll start at what people were used to paying and toss on taxes, passing the "savings" on to the consumer. They'll charge whatever they can force the consumer to pay. This "capitalism" you speak of isn't a miracle cure, nor is it a consumer protection.


That is inflation, and is completely independent of supply/demand.

/Are you a COMMIE??
 
2013-05-20 03:57:03 PM  

argylez: lewismarktwo: argylez: DoughyGuy: he career path I chose out here (machinist) kind of frowns upon drug use.

Alcohol is a drug.

/just sayin

Yeah, but as long as you don't need to sip from a flask all day to keep from getting the shakes no one cares.

But fark you if you smoked weed on your time off a month ago.  That shiat is some seriousness.

1/10?  Either way, thanks for the lulz


Are you insinuating that alcohol isn't a drug?
 
2013-05-20 04:00:42 PM  

SmokinTrees: argylez: lewismarktwo: argylez: DoughyGuy: he career path I chose out here (machinist) kind of frowns upon drug use.

Alcohol is a drug.

/just sayin

Yeah, but as long as you don't need to sip from a flask all day to keep from getting the shakes no one cares.

But fark you if you smoked weed on your time off a month ago.  That shiat is some seriousness.

1/10?  Either way, thanks for the lulz

Are you insinuating that alcohol isn't a drug?


Well, it's not one of those "bad" drugs that makes the black jazz musicians rape all the white women they can find.  That's what matters.
 
2013-05-20 05:52:15 PM  

DoughyGuy: I used to spend upwards of $2000 a year on weed, so this doesn't seem like that big a deal. Of course that estimate is based on about $40 per 1/8th every week for a year, so it would probably be double their estimate for me in a year.


You must have been constantly stoned.

But comparing to booze, you'd have a hard time getting a DUI if you went out and only spent $40 a week on booze and drank more than one night.
 
2013-05-20 06:36:11 PM  

illegal.tender: xanadian: About $12.50 a week?  That's less than my booze habit.  Maybe I should switch.

I spend three times that PER BOTTLE.

https://www.beerworldstore.com/index.php?page=shop.product_details&f ly page=flypage.tpl&product_id=978&category_id=53&vmcchk=1&option=com_vir tuemart&Itemid=29

I also tend to not be able to see straight.


That seems expensive.

Let's see, $38,99 is €30.23. According to the website of the chain of liquor stores with a branch near my house I'd pay €5,49 for 75cl, or €10,98 for an equal amount of Duvel.

Is all beer that expensive in the US? A mid range, every day, normal beer from the supermarket costs about €10 (about US$13) for 24 bottles of 30cl (1.98 gallon total). How much is that in the US?
 
2013-05-20 06:46:49 PM  

JonnyG: 3.5oz per year? That's not a pot smoker - that's the "i only smoke when I drink" friend.


That's is not a COLLEGE pot smoker. Most habitual users are much more responsible than that though.

College was crazy times man.

To Gonz: Yeah, but the meticulous gardening is so much fun! I mean...I would assume it is.

/crazy times, man.
 
2013-05-20 07:45:38 PM  
This is what's going to happen with MJ legalization, the government will tax it to the point that it actually costs the cop math street value to purchase.
 
2013-05-20 09:40:31 PM  

pedobearapproved: DoughyGuy: I used to spend upwards of $2000 a year on weed, so this doesn't seem like that big a deal. Of course that estimate is based on about $40 per 1/8th every week for a year, so it would probably be double their estimate for me in a year.

You must have been constantly stoned.


1/8 a week is a half gram per day. If you like a fat joint before bedtime, you'll get there.
 
2013-05-20 09:41:30 PM  

fredbox: This is what's going to happen with MJ legalization, the government will tax it to the point that it actually costs the cop math street value to purchase.


What do you mean by "[t]his"? Do you mean what the article says? Because, if you look at the article and you are capable of reading, you would see that it says that legal weed will be cheaper.
 
2013-05-20 10:41:44 PM  

DerAppie: illegal.tender: xanadian: About $12.50 a week?  That's less than my booze habit.  Maybe I should switch.

I spend three times that PER BOTTLE.

https://www.beerworldstore.com/index.php?page=shop.product_details&f ly page=flypage.tpl&product_id=978&category_id=53&vmcchk=1&option=com_vir tuemart&Itemid=29

I also tend to not be able to see straight.

That seems expensive.

Let's see, $38,99 is €30.23. According to the website of the chain of liquor stores with a branch near my house I'd pay €5,49 for 75cl, or €10,98 for an equal amount of Duvel.

Is all beer that expensive in the US? A mid range, every day, normal beer from the supermarket costs about €10 (about US$13) for 24 bottles of 30cl (1.98 gallon total). How much is that in the US?


Local grocery store has a 24 pack of Budweiser (cans) for $17.50 right now. Think the cans are 354 mL each IIRC. Roughly 8.5 liters for 13.59 ... but it is Bud. If you want something better it'll cost more.
 
2013-05-20 11:47:59 PM  
3.5 ounces a year?  WTF?!!!  That's hilarious!  You can expect more like over 12 ounces a year.
 
2013-05-21 02:00:43 AM  
If you pay for it here in Humboldt County, you're doing it wrong.

I get so much for free I give it away to friends.
 
2013-05-21 02:18:21 AM  

Asphyxium: 3.5 ounces a year?  WTF?!!!  That's hilarious!  You can expect more like over 12 ounces a year.


If they expect the majority to only puff once or twice a year, it'd totally skew the average AND median away from 'regular' users.

Think of the types who only smoke a cigar once a month or so with a fine cognac, then you have people who go through 3 packs a day.
 
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