Search Results: prices (133)

Are dispensaries behind rising Denver home prices?Scott Lentz

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.

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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.

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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 cocaine fell from $400-$460 per pure gram in the early 1980s to less then $200 by the early 2000s, reports Alexander Hotz at The New York World. Similarly, heroin prices dropped from $3,000 to $3,600 per pure gram in the 1980s to about $2,000 by the 2000s.
A team of anthropologists and economists at Manhattan’s John Jay College of Criminal Justice at the City University of New York (CUNY) has suggested that the collapse of heroin and cocaine prices might be at least partially responsible for the reversal of crime rates.

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Photo: Seedscanner

​Selling cannabis seeds has long been legal in the United Kingdom, unlike the United States, and as a result the U.K. market for marijuana seeds has reached such maturity now that it merits its own price comparison website, according to the creators of a new site that, you guessed it, does exactly that.
Launched in August, Seedscanner offers an overview of the cannabis seed trade for a growing and increasingly discerning international market, according to marketing director Sophie Banks.

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Photo: Guanabee

​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.

Currently between $300 and $450 an ounce in California, the cost of pot could drop as low as $38 by eliminating the expenses and challenges of operating in the black market, according to the study, reports John Hoeffel at the Los Angeles Times.
The researchers admitted they weren’t certain how much pot use might be spurred by cheaper prices, but they noted one typical estimate is that a 10 percent drop in price typically increases use by about three percent. Other factors, such as getting rid of the legal risks associated with marijuana use, could also increase usage between five percent and 50 percent.

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Graphic: Jewlicious

​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.

Reasons for the current weed shortage include recent drug busts by the police and border guard; cooperation between Egyptian cartels trying to boost profits by limiting the supply; and unusually low rainfall this year.
Conspiracy theorists are even claiming a secret Israeli government program to “combat apathy” and “stir up the nation’s fighting spirit.”
But whatever the cause, cannabis costs more than ever before in Israel.

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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.

​But greater supply, more competition, and especially the prospect of legalized marijuana — with the issue enjoying majority support and slated to appear on November’s ballot in California — is exerting downward pressure on pot prices, reports Michael Montgomery at NPR.
The Campaign Against Marijuana Planting (CAMP), a massive air and ground assault launched by the Reagan Administration in 1983, with the goal of “eradicating” pot and arresting growers in the Emerald Triangle area, was a big factor in causing wholesale pot prices to shoot to as high as $5,000 a pound. The sudden windfall for growers willing to risk prison time changed the mellow pot-growing culture forever.

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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.

“Dude,” lamented one bummed-out toker. “The Double-Double is more than three bucks now! And if I continue eating three meals a day at the place, this could add up to, like, 5 bucks a week. That’s a couple of packs of rolling papers, man!”
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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.

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