He's talking about the "price to grower per pound". I guess that would be the price paid by the people at the top of the distribution chain, far lower than the retail price on the street. But I'm not sure that's what he means, because the phrase is not completely clear.
It's not uncommon for a street dealer to buy a pound and sell it by the gram.
Since the average price for a bad batch of marijuana is bordering $200/ounce according to http://www.priceofweed.com/
That means that a dealer only needs to sell 3 ounces before he turns a profit? And the other 13 in the pound are profit? Ie... a weed dealer makes $2,600 profit on a $600 investment? $3,200 total? Just by selling 16 ounces?
I live in Canada and I can tell you that's not how the math works :P
A good return on a drug investment is 2 to 3 times your money. The person you're buying it from isn't an idiot.
I wasn't claiming his numbers are correct; I have no idea. I was just explaining that he wasn't quoting street prices, but wholesale prices. And the "price to grower" might not be the price paid by the street dealer, but by the distributor who sells to the local distributor who sells to the dealer. That's what I meant by the distribution chain. Just like the vegetables in your local supermarket are not, in most cases, purchased by the store manager directly from the farmer. The markup $600/lb --> $200/oz would not surprise me at all, after the weed passes through three or four levels of distribution.
See my comment to leephillips above.. The math just doesn't make sense. Unless people are actually buying ounces in California for $40 or $50... I wouldn't know because I don't live there, but I can say fairly confidently that they do not.
You actually can, if you want schwag. It helps to have connections in the dispensary industry. A lot of people are growing a lot of stuff and then can't find a buyer for it.
And it's not just the schwag either: I have a gram of high grade 51.5% THC hashish sitting in front of me that I purchase retail for $15 at the fanciest (ie - most expensive) store in town. (A gram of hashish is roughly equivalent to an 1/8th of cannabis, FWIW).
>"Last I heard, a pound of marijuana is $800 for outdoor grown," said Mendocino County Sheriff Tom Allman in Ukiah. "That's plummeting. You might do better with tomatoes."
>"I got paid in weed," Mover, who refused to give his real name, said of his last trimming job. "It's worthless here. You can't give it away. And I'm not going to transport anything. I'm too old, and I don't want to go to jail."
I have friends who grow, who drive to south california, to sell, where there is less of a glut, less quality competition, and North California cannabis has badge appeal.
You can buy marijuana for $600 PER POUND in California?
No, you can't.
I think this writer had a few tokes before he shat out this post.
This is the main problem with "the marijuana movement", we all look like unprofessional idiots when it gets down to brass tacks.
Marc Emery was one of the more professional people in the industry, and they were sure to snuff him out quickly. And he was a Canadian.