Actual Value of Marijuana?
- Thread starter gupp
- Start date
desert dude
Well-Known Member
Tobacco sells for about $3 per pound wholesale. That would be a good guess at wholesale value for MJ.
desert dude
Well-Known Member
So, $480 to $800 per pound, retail? If it is completely legal, I could easily undercut those prices and live like a prince.I'd say $30-$50 an ounce.On the street.
desert dude
Well-Known Member
One guy can easily grow 300 pounds per year. At $10 per ounce, that is 10X300X16 ($48,000) per year. Seems like a reasonable living.
Bonzi Lighthouse
Well-Known Member
The only people that will make money with legal weed is the tax man, legalization brings legislation and taxation.
Instead of busting you for possession it will now be tax evasion.
$400/oz given my assumptions.
Instead of busting you for possession it will now be tax evasion.
$400/oz given my assumptions.
Dan Kone
Well-Known Member
$2000 a pound for good indoor. $500 a pound for outdoor. That's my best guess.
since ganj seems a lot harder to grow than tobacco ( have to wait until it flowers instead of just picking leaves), this seems feasible.
of course, increased supply will drive down the price until it's no longer profitable to grow.
Dan Kone
Well-Known Member
Yep. But the bud we grow in Cali is an entirely different product than mass produced tobacco. You can grow bud for $100 per pound, it just wouldn't be the quality that the market has a demand for. There is very little demand for mass produced cheap schwag. People would rather pay more and get better quality. Ask anyone who works at a dispensary, top shelf sells better than low grades. If legalized the price will go down a lot, but when they talk about being able to sell bud for $38 an ounce, that may be true, but it wouldn't be something most people are interested in.
thewinghunter
Active Member
its close to that of gold? hahha
gold $900 x 1 ounce/31.10 grams = $28.94/gram
i have gotten some Gs for $20... $28 is only a lil more
gold $900 x 1 ounce/31.10 grams = $28.94/gram
i have gotten some Gs for $20... $28 is only a lil more
mr2shim
Well-Known Member
veggiegardener
Well-Known Member
It will all depend on where you're standing.
The extreme glut in BC a few years ago drove prices down to about $1600/lb.
Below that, the growers preferred to smoke it themselves.
Like any crop, below a certain price, people stop farming, and try something else.
Realistically, $1500 for good outdoor and $2500 for good indoor will likely be the bottom after the initial glut is gone.
Just about what dispensaries are currently paying.
The extreme glut in BC a few years ago drove prices down to about $1600/lb.
Below that, the growers preferred to smoke it themselves.
Like any crop, below a certain price, people stop farming, and try something else.
Realistically, $1500 for good outdoor and $2500 for good indoor will likely be the bottom after the initial glut is gone.
Just about what dispensaries are currently paying.
Dan Kone
Well-Known Member
It was equal or even slightly more valuable than gold before the recession.
guy incognito
Well-Known Member
You guys are out of your fucking minds. It would be DIRT CHEAP with no laws. Even top grade medical stuff could be produced for practically nothing.
beardo
Well-Known Member
How???? explain
i have spent the last 4 weeks straight trimming. all day every day. i do NOT work for free. how many hours of labor alone are involved in producing a pound of weed? from watering, to shopping for supplies, to tending, to trimming and packaging? let alone the cost of the physical needs.
mr2shim
Well-Known Member
Marijuana production/cultivation can be a HUGE business with huge amounts of money to be gained, BUT that's where pharma stands to loose a HUGE amounts of money because of how easy it is to grow your own medicine opposed to buying some synthetic crap concocted together that has all kinds of negative side effects. It was made illegal for racism but it remains illegal because of how much money pharma and other huge corporations can lose.
mrboots
Well-Known Member
Weed would not be dirt cheap, even if it was legal. Fdd is right, there is a lot of labor and supplies needed to grow a top quality crop.
The best way to figure it out is to look at what it sells for in Holland. I imagine the prices here would be similar if it were completly legal. I was there about 10 years ago and can only say what it went for at the retail level. I don't know if it has changed, maybe someone who has been there recently could.
Every shop sold a 25 guilder bag ($12.50 us, it was before the euro) The top quality stuff at the time was strains like white widow and jack herer, your bag would be like 1.2 grams. The lowest quality stuff was Thai and Jamaican imported, bricked up sativas and your bag of that would be like 4 grams.
So if the top quality stuff was selling for about $10 a gram retail, that would probably be about $5 to the grower maybe a little less, so that would put pounds at $2000-$2250. Thats half of what it is now, but still enough to make some money.
The best way to figure it out is to look at what it sells for in Holland. I imagine the prices here would be similar if it were completly legal. I was there about 10 years ago and can only say what it went for at the retail level. I don't know if it has changed, maybe someone who has been there recently could.
Every shop sold a 25 guilder bag ($12.50 us, it was before the euro) The top quality stuff at the time was strains like white widow and jack herer, your bag would be like 1.2 grams. The lowest quality stuff was Thai and Jamaican imported, bricked up sativas and your bag of that would be like 4 grams.
So if the top quality stuff was selling for about $10 a gram retail, that would probably be about $5 to the grower maybe a little less, so that would put pounds at $2000-$2250. Thats half of what it is now, but still enough to make some money.