Colorado’s decision to legalize recreational cannabis has taken the blame for several changes to the state’s rapidly changing landscape, specifically in Denver. Pot has been accused for the rise in population, the rise in homelessness and the rise in housing costs…and now one study believes it has found a solid connection to the increased cost of homes.
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In scenes remniscent of Colorado’s recretaionl sales in January, recreational pot stores are opening with long lines and, despite high prices, they are selling out of their inventory.
Brian Budz tells Oregon Live that he thought he had enough product to last ten days at his Vancouver-based New Vansterdam shop and instead it lasted three days. Shops like his are having to close down and open erratically as more herb comes in. Prices – ranging from $15 to $30 a gram – reflect that.
Since the 2009 “green rush” boom of medical dispensaries, Denver pot smokers have enjoyed a steady decline in the price of their cannabis in both the medical and black-market economies, dropping from $50 or $60 an eighth to as low as $25. With the heavily regulated industry of legal recreational marijuana, though, it’s looking like prices are climbing back up. This may be temporary, or it may be the new standard. We caught up with a few soon-to-be-open recreational shops to get the details on what shoppers can expect after the first of the year.
Denver Westword has the full story.
|Curt Merlo/The Village Voice|
Violent crime has declined dramatically in New York City since 1990, the year when the Big Apple set a record for the most homicides in its history. A new study shows that the price of hard drugs has also plummeted in the past 20 years, and suggests the two phenomena may be linked.
The price of marijuana could plummet as much as 80 percent, and consumption would rise, if Californians approve Proposition 19, the cannabis legalization measure on November’s ballot, according to a detailed analysis by researchers at Rand’s Drug Policy Research Center.
Israel is suffering through the worst marijuana drought in memory. Not even the most seasoned pot smokers can recall a dry spell like this one, reports Saar Gamzo at Haaretz.com.
|Graphic: Humboldt Clothing Company|
Marijuana cultivation — of the illegal variety — has been the economic lifeblood of three counties — Humboldt, Mendocino and Trinity — in Northern California, known as the Emerald Triangle. The War On Drugs and frequent raids by federal agents have helpfully kept street prices of pot sky-high and profits large for renegade farmers.
|Photo: Edwin Goei/OC Weekly|
|A Double Double, fries and Coke will set you back 30 cents more than before April 1. Unsweet!|
It happened on April Fool’s Day, but they ain’t foolin’. In a bit of a buzzkill for Golden State stoners, California drive-through burger chain In-N-Out has quietly raised its prices by 10 cents per item across its minimalist menu.
Marijuana is sold for both medical and recreational purposes in Colorado, but it’s definitely not sold at the same prices for both purposes. Not only is the cost of flower, concentrates and edibles cheaper for medical patients, but the taxes on those purchases are around 25 percent lower.
After paying a doctor’s consulting fee – usually anywhere from $60 to $100 – and the Colorado Medical Marijuana Registry application fee of $15, state medical marijuana patients are in the hole for a decent chunk of change. But buying enough medication can make up for the initial cost outlay.