How Much Does Marijuana Cost?
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How Much Does Marijuana Cost?
Posted by CN Staff on November 14, 2013 at 11:41:11 PT
By John Ingold, The Denver Post
Source: Denver Post
Denver -- Colorado regulators have begun surveying marijuana businesses about the price of pot, in an effort to implement a new excise tax that voters passed earlier this month. The tax places a 15 percent levy on the wholesale price of recreational marijuana when it moves between the grower and the seller.The challenge, though, is that Colorado's forthcoming recreational marijuana industry won't have a true wholesale market for at least the first nine months. Instead, marijuana businesses must initially grow almost everything they sell  meaning the wholesale transactions that will be subject to the excise tax are really just pot transfers between two parts of the same business in which no money is exchanged. Businesses are allowed only a small number of transactions in which they can buy marijuana grown by another business.
To still collect tax on in-house transfers, Colorado regulators will determine an "average market rate" that will apply to all grower-to-seller transfers."It's really difficult to figure out what that's going to be," said Meg Collins, the director of the Cannabis Business Alliance, a marijuana trade group.That's where the survey comes in.The questionnaire asks businesses how much marijuana they grew in the past year and how much they sold to other businesses  and at what price.SnippedComplete Article: Denver Post (CO)Author:  John Ingold, The Denver PostPublished: November 14, 2013Copyright: 2013 The Denver Post Website: openforum denverpost.comCannabisNews -- Cannabis Archives 
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Comment #2 posted by The GCW on November 17, 2013 at 13:58:16 PT
Thinking ahead to NEW YEARS
What would be awesome is for cannabis retailers, which become legal on Jan. 1, 2014, to open for business at exactly 12:MIDNIGHT. Advertise it widely and if only a few do it, there could be a line around the block, getting national and international attention.Is there a law regulating when retailers may and may not be open?
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Comment #1 posted by HempWorld on November 14, 2013 at 12:37:46 PT
Price will drop, eventually...
But what will happen this 1st year is anybody's guess, depending on how much the pot tourists will inhale and how much product is going to be available in the 1st quarter of 2014.After that, advantages of scale and who ends up doing everything right will rule the market without mercy!
Total Greenhouse Solutions for Big Legal Farms!
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