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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 16
    More: Interesting, marijuana legalization, habits  
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9755 clicks; posted to Main » on 20 May 2013 at 9:20 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-05-20 08:33:24 AM  
3 votes:
About $12.50 a week?  That's less than my booze habit.  Maybe I should switch.
2013-05-20 09:36:16 AM  
2 votes:

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 09:24:12 AM  
2 votes:

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


No shiat
2013-05-20 08:38:46 AM  
2 votes:
I'm a writer, a poet, a genius, I know it.
I don't buy Chiba, I grow it
2013-05-20 03:21:26 PM  
1 votes:

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 11:51:14 AM  
1 votes:

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 10:17:43 AM  
1 votes:

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


Actually, I think that would be a vast improvement.
2013-05-20 09:39:55 AM  
1 votes:

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


Done in one.
2013-05-20 09:39:02 AM  
1 votes:

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 09:35:28 AM  
1 votes:
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 09:34:59 AM  
1 votes:

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 09:32:08 AM  
1 votes:
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 09:30:55 AM  
1 votes:
3.5oz per year? That's not a pot smoker - that's the "i only smoke when I drink" friend.
2013-05-20 09:29:53 AM  
1 votes:
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 09:29:36 AM  
1 votes:

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 09:24:33 AM  
1 votes:

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


This.  I spend far more on beer.
 
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