black market weed

[Mr. H.]

I once studied under the Great Master himself, Keith Stroup. A fellow Illinoisan. From Dix of all places. Keith knows Dix.

 

[jon_berzerk]

I think most folks are initially going to the dispensaries for the novelty of it. It won't be long before the home-growns and black marketers squeeze these operations out. The state governments will be in denial (as usual) and start dumping massive amounts of tax dollars into such operations.

It's destined to be a losing proposition.

the black market works well out here for smokes for example

smokes off the reservation are about half price

people cross the border and buy trailer loads

they tax pot too much as they did with smokes

and the black market will thrive it is just that simple

--------
Standing in the way, Kilmer and economists say, are variables including state tax policies, the shifting behavior of buyers and sellers, and contradictory drug laws nationwide. In Colorado, where authorities have levied a 15 percent wholesale and 10 percent retail tax on marijuana transactions, the price of legal commercial-grade pot has doubled to $400 an ounce since the start of the year, says Aaron Smith, executive director of the National Cannabis Industry Association. That’s twice the price for medical marijuana at state dispensaries that require a doctor’s prescription. On the black market, high-grade offerings are fetching $156 to $250 an ounce, according to data compiled by Narcotic News

Colorado: Legal Marijuana's Strange Economics - Businessweek

 

[jon_berzerk]

Drug Dealers Unfazed By Legal Pot In Colorado
Despite the state’s new laws, smokers are still purchasing pot through their dealers. “It’s human nature; nobody wants to be on a list.”
posted on January 27, 2014 at 5:31pm EST

DENVER — There are two ways to buy marijuana legally in Colorado: Buy it from a licensed pot shop and suck up the high taxes, or register for a medical marijuana card to get much cheaper grow.
But some people like Mario, a 31-year-old graduate student who works part time at a restaurant, are still turning to the black market for their weed.
Sitting in a vegetarian café near his Denver apartment that has a bathroom covered in graffiti like “Urban Farming Is The Future!,” Mario said he feared being on a medical registry while still in school.
A lifelong Colorado resident, Mario, a slight man with glasses and a goatee, who asked that his last name be withheld, has yet to step foot in a dispensary. That’s because he can get an ounce of weed for $60 from a co-worker whose family member has a home grow. Granted, that’s an unusually low price, as high-quality green generally costs an average of $237 an ounce, according to priceofweed.com, a self-described “global price index for marijuana.”
Purchased legally, without a medical card, that same amount would put him out around $400.
“I’m afraid that information could get somehow compromised,” he said about his fears of his loans being affected by being on a medical registry. “The last thing I’d want is to get my federal funding cut off.”

But recreational marijuana comes at a hefty cost for consumers, partly because it now carries a 10% special state tax, plus the usual 2.9% state sales tax and whatever the city tax is, and sometimes even more, if the dispensary includes their own 15% wholesale tax — the recreational pot at Medicine Man was taxed at 36%.
The state will use the tax money — an estimated $70 million a year — for school construction projects and enforcement of regulations on the retail marijuana industry.
Not including taxes, the shops’ prices are high for a few reasons: a lack of cost regulation within the state, a soaring demand with little supply, and because owners want to try to recoup some of the cash they have dished out in the process of becoming one of the few legitimate “ganjapreneurs” in the world. Colorado has given out 130 licenses so far.
Over the past few months, owners have had to pay for an endless list of essentials, from applying for new licenses, packaging the many pounds of green stuff they grow, and instituting the state’s mandatory radio frequency identification system that tracks every single marijuana plant “from seed to sale.”
“It is incredibly expensive to grow marijuana,” said Michael Elliot, executive director for the Marijuana Industry Group. “We’re going from a situation where there were 110,000 medical marijuana patients … to about 4 billion people in the world that are 21 and up, who could come purchase from one of these businesses.”

Drug Dealers Unfazed By Legal Pot In Colorado

 

[Barb]

Regarding the "black market" - It used to simply be "the market," and it now has to be competitive in its pricing. Neither the legalized and taxed nor the new "black market" will disappear.

As to smokes, they are taxed at a ridiculous rate, but one doesn't have to leave the state or go to the res for cheap tobacco! We buy pipe tobacco - taxed at a much lower rate than cigg tobacco and its just a longer cut! - and tubes. I have a machine. No illegal activity, no travel, no smuggling, and we pay roughly .75 cents a pack.

Self sufficiency could go a long way towards making weed cheaper for people too - especially if they have relatives interested in / knowledgeable about horticulture

 

[Delta4Embassy]

the black marketers says thanks to Colorado for legalizing it

and taxing the snot out of it

the black market weed boom

--LOL

The black market for weed in Colorado is still thriving, despite the existence of retail shops that sell it legally, according to exclusive interviews with growers, dealers and weed industry experts.

There are a number of reasons that people still call their dealers instead of visiting one of the state's 37 new Amsterdam-style dispensaries, which opened for business Jan. 1. Number one is the price: retail weed in Colorado generally sells for roughly $65, on average, depending on quality, according to marijuana.com.

Those high prices are mostly due to sky-high sales and excise taxes. Even though much of those taxes go to a good cause, the price on the black market is much lower for the same amount. Steven, a University of Colorado Boulder student who sells weed illegally, told The Huffington Post he only charges $30 an eighth for top-quality herb -- less than half the price it would cost at a recreational dispensary. (Steven's name has been changed to protect his identity.)

There are a handful of other reasons that might compel Colorado state residents to buy their pot on the black market. One reason, according to several sources, is that the quality of retail herb isn't always as good as the marijuana grown for medicinal purposes, which is often also sold illicitly.

Black Market For Weed Still Thriving In Colorado

Once the novelty of it being legal wears off, the market will settle the prices to be more competetive.

 

[GHook93]

the black marketers says thanks to Colorado for legalizing it

and taxing the snot out of it

the black market weed boom

--LOL

The black market for weed in Colorado is still thriving, despite the existence of retail shops that sell it legally, according to exclusive interviews with growers, dealers and weed industry experts.

There are a number of reasons that people still call their dealers instead of visiting one of the state's 37 new Amsterdam-style dispensaries, which opened for business Jan. 1. Number one is the price: retail weed in Colorado generally sells for roughly $65, on average, depending on quality, according to marijuana.com.

Those high prices are mostly due to sky-high sales and excise taxes. Even though much of those taxes go to a good cause, the price on the black market is much lower for the same amount. Steven, a University of Colorado Boulder student who sells weed illegally, told The Huffington Post he only charges $30 an eighth for top-quality herb -- less than half the price it would cost at a recreational dispensary. (Steven's name has been changed to protect his identity.)

There are a handful of other reasons that might compel Colorado state residents to buy their pot on the black market. One reason, according to several sources, is that the quality of retail herb isn't always as good as the marijuana grown for medicinal purposes, which is often also sold illicitly.

Black Market For Weed Still Thriving In Colorado

I don't get it, why would the black marketers say thank you? The difference in price is temporary, it just hasn't had time to work itself out yet.

On top of that, the legalization didn't strengthen the black marketers. It's not like they can start posting adds in the newspaper if they're still selling the shit illegally. So the legalization didn't allow black marketers to increase their clientelle in any new significant way, but it did give their clients another option that will eventually get their supply needs met and price the shady fucks out of the market.

Not sure if you watch the news, but the supply lines are still low enough for the legal sellers that the state straight sold out of weed last week. The pricing hasn't even provided a bottle neck yet.

Two reasons:
(1) Law Enforcement in CO is not going to go after distribution of weed like they used to.
(2) Weed can be grown legally in CO. Most will go to the legal shops, but a bunch of plants will go 'missing' to the black market sellers! Now that weed is grown legally it is cheaper to grow and it's easy to sell under that table.


However, for the most part I don't see this as a netpositive for the pot dealers!

 

[hazlnut]

the black marketers says thanks to Colorado for legalizing it

and taxing the snot out of it

the black market weed boom

--LOL

The black market for weed in Colorado is still thriving, despite the existence of retail shops that sell it legally, according to exclusive interviews with growers, dealers and weed industry experts.

There are a number of reasons that people still call their dealers instead of visiting one of the state's 37 new Amsterdam-style dispensaries, which opened for business Jan. 1. Number one is the price: retail weed in Colorado generally sells for roughly $65, on average, depending on quality, according to marijuana.com.

Those high prices are mostly due to sky-high sales and excise taxes. Even though much of those taxes go to a good cause, the price on the black market is much lower for the same amount. Steven, a University of Colorado Boulder student who sells weed illegally, told The Huffington Post he only charges $30 an eighth for top-quality herb -- less than half the price it would cost at a recreational dispensary. (Steven's name has been changed to protect his identity.)

There are a handful of other reasons that might compel Colorado state residents to buy their pot on the black market. One reason, according to several sources, is that the quality of retail herb isn't always as good as the marijuana grown for medicinal purposes, which is often also sold illicitly.

Black Market For Weed Still Thriving In Colorado

This story is IDIOTIC… It hasn't even been a month.


How long after the end of prohibition were bootleggers still around?? There's probably one or two around today.

In this high-speed internet society, people expect problems to be solved overnight.

It may be a year or so until we really see the Mexican and black markets dwindle.

Get a grip.

 

[jon_berzerk]

the black marketers says thanks to Colorado for legalizing it

and taxing the snot out of it

the black market weed boom

--LOL

The black market for weed in Colorado is still thriving, despite the existence of retail shops that sell it legally, according to exclusive interviews with growers, dealers and weed industry experts.

There are a number of reasons that people still call their dealers instead of visiting one of the state's 37 new Amsterdam-style dispensaries, which opened for business Jan. 1. Number one is the price: retail weed in Colorado generally sells for roughly $65, on average, depending on quality, according to marijuana.com.

Those high prices are mostly due to sky-high sales and excise taxes. Even though much of those taxes go to a good cause, the price on the black market is much lower for the same amount. Steven, a University of Colorado Boulder student who sells weed illegally, told The Huffington Post he only charges $30 an eighth for top-quality herb -- less than half the price it would cost at a recreational dispensary. (Steven's name has been changed to protect his identity.)

There are a handful of other reasons that might compel Colorado state residents to buy their pot on the black market. One reason, according to several sources, is that the quality of retail herb isn't always as good as the marijuana grown for medicinal purposes, which is often also sold illicitly.

Black Market For Weed Still Thriving In Colorado

This story is IDIOTIC… It hasn't even been a month.


How long after the end of prohibition were bootleggers still around?? There's probably one or two around today.

In this high-speed internet society, people expect problems to be solved overnight.

It may be a year or so until we really see the Mexican and black markets dwindle.

Get a grip.

with a 36% tax rate

the black market will be around for a long long time

 

[TakeAStepBack]

the black marketers says thanks to Colorado for legalizing it

and taxing the snot out of it

the black market weed boom

--LOL

The black market for weed in Colorado is still thriving, despite the existence of retail shops that sell it legally, according to exclusive interviews with growers, dealers and weed industry experts.

There are a number of reasons that people still call their dealers instead of visiting one of the state's 37 new Amsterdam-style dispensaries, which opened for business Jan. 1. Number one is the price: retail weed in Colorado generally sells for roughly $65, on average, depending on quality, according to marijuana.com.

Those high prices are mostly due to sky-high sales and excise taxes. Even though much of those taxes go to a good cause, the price on the black market is much lower for the same amount. Steven, a University of Colorado Boulder student who sells weed illegally, told The Huffington Post he only charges $30 an eighth for top-quality herb -- less than half the price it would cost at a recreational dispensary. (Steven's name has been changed to protect his identity.)

There are a handful of other reasons that might compel Colorado state residents to buy their pot on the black market. One reason, according to several sources, is that the quality of retail herb isn't always as good as the marijuana grown for medicinal purposes, which is often also sold illicitly.

Black Market For Weed Still Thriving In Colorado

I called this when Colorado declared they would tax the shit out of it. "Medical" strains were started in the black market. So, of course the black market can still compete. Time will tell if that lasts. But as for right now, the BM will still rise up and choke the state.

Good.

 

[jon_berzerk]

the black marketers says thanks to Colorado for legalizing it

and taxing the snot out of it

the black market weed boom

--LOL

The black market for weed in Colorado is still thriving, despite the existence of retail shops that sell it legally, according to exclusive interviews with growers, dealers and weed industry experts.

There are a number of reasons that people still call their dealers instead of visiting one of the state's 37 new Amsterdam-style dispensaries, which opened for business Jan. 1. Number one is the price: retail weed in Colorado generally sells for roughly $65, on average, depending on quality, according to marijuana.com.

Those high prices are mostly due to sky-high sales and excise taxes. Even though much of those taxes go to a good cause, the price on the black market is much lower for the same amount. Steven, a University of Colorado Boulder student who sells weed illegally, told The Huffington Post he only charges $30 an eighth for top-quality herb -- less than half the price it would cost at a recreational dispensary. (Steven's name has been changed to protect his identity.)

There are a handful of other reasons that might compel Colorado state residents to buy their pot on the black market. One reason, according to several sources, is that the quality of retail herb isn't always as good as the marijuana grown for medicinal purposes, which is often also sold illicitly.

Black Market For Weed Still Thriving In Colorado

I called this when Colorado declared they would tax the shit out of it. "Medical" strains were started in the black market. So, of course the black market can still compete. Time will tell if that lasts. But as for right now, the BM will still rise up and choke the state.

Good.

article this morning says drug dealers unfazed by legalization

 

[TakeAStepBack]

The question is, will that last. The answer is, we'll have to wait and see.

 

[BlindBoo]

the black marketers says thanks to Colorado for legalizing it

and taxing the snot out of it

the black market weed boom

--LOL

The black market for weed in Colorado is still thriving, despite the existence of retail shops that sell it legally, according to exclusive interviews with growers, dealers and weed industry experts.

There are a number of reasons that people still call their dealers instead of visiting one of the state's 37 new Amsterdam-style dispensaries, which opened for business Jan. 1. Number one is the price: retail weed in Colorado generally sells for roughly $65, on average, depending on quality, according to marijuana.com.

Those high prices are mostly due to sky-high sales and excise taxes. Even though much of those taxes go to a good cause, the price on the black market is much lower for the same amount. Steven, a University of Colorado Boulder student who sells weed illegally, told The Huffington Post he only charges $30 an eighth for top-quality herb -- less than half the price it would cost at a recreational dispensary. (Steven's name has been changed to protect his identity.)

There are a handful of other reasons that might compel Colorado state residents to buy their pot on the black market. One reason, according to several sources, is that the quality of retail herb isn't always as good as the marijuana grown for medicinal purposes, which is often also sold illicitly.

Black Market For Weed Still Thriving In Colorado

Sorry but the Kind Bud has always been expensive and Mexican Dirt weed has always been dirt cheap. I remember when you could buy a lid for 10 bucks. You get what you pay for. I suggest investing in some good seeds and a few HID lamps in the back closet.

 

[Katzndogz]

The black market can still sell to minors where the legal market won't. The black market can sell pot laced with something else to give a bigger kick. Black marketeers can always operate a legal outlet, and sell their own stuff.

The black market will always be more flexible than the legal market.