Quote:
Originally Posted by Huntingwhale
My friend who's mom has a weed card, right now she gets her stuff for $8/gram. And that's regardless of how much you order even in bulk. So that works out to ~$220/oz. On the streets you pay more for better quality. $220 on the streets better get you some good stuff. Not AAA grade, but it should be pretty good. However the more you buy, the cheaper it is in the end on a per gram basis.
Prices will definitely be something for regulators to consider. You are correct, if it's still cheaper to buy from the street guy, why bother going to the store? The good thing about that fixed government price is that you pay the same price across the board regardless of the quality. So she can get the heavy stuff (33% THC) and that will cost her the same as the lighter stuff she can get (16% THC). 33% THC on the street is pretty rare, but you'd be paying a premium. $240/oz at least but I've seen as high as $280/oz.
I heard a while back Trudeau say that that prices would have to be lowered because it wouldn't make sense to legalize weed but still have it more expensive then Joe Gangster selling it as everyone will still go see him. It will be interesting to see what kind of prices the government will set it at. Because once you add on taxes, you'd still have to be below that $10/gram threshold that street prices are set at.
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That's not bad for the medicinal. I get good stuff at $130/ 1/2 oz. Not sure what it would be for a full oz from my guy, but likely around $240.
I don't think you necessarily HAVE to make it less, but it can't be too far off. If it's an extra 5-10% in price, I would still use the legal means for the convenience of it. There is a willingness to pay to avoid stuff like black markets. I think the price will end up lower, but initially it might be a bit higher if you just use market forces to determine it. If the government wants to subsidize it for the initialization to make sure the price is below the black market, that probably wouldn't be a bad idea to encourage the legal channels.
What are people 's thoughts on the future benefits of this? We see legalization start to sweep through the US and currently have a border state with legalization. What will the trade implications be. Will we be able to trade it internationally? This could be a gigantic boost to BC (moreso than it already is) and Canada overall if there is access to a world market eventually.