"Already they sell it at their dispensary for about half the street price."
Good for them, if they can make a profit, 4 out of 5 dispensaries that I've been to are comparable to street prices and even more expensive. It's getting to be an elitist thing.
They've been at it for a while, they were selling even before medical marijuana was legalized under the guise of "religious freedom." Technically they're a church. I agree about elitism though. The guild mentality prevails. Understandable considering the legal fabric in which they operate.
I serioulsy doubt they are making a profit though. These people aren't MBAs.
300 an ounce is a good price and there is plenty of reason it should cost that much. The main reason being, you'll happily pay it.
LOL, excellent point sir or madam as the case may be!
The cannabis industry is ancient. The legal trade of good herb is flourishing
Yep. Seven years ago I met a grower while visiting one of our national parks. He had been a grower for 20 years before medical marijuana came in, then he went legit. He carries a copy of the Rx for everyone he sells to, it was a stack of papers about five inches high. (That stack may have grown since the last time I told this story, by the way).
He gave me a decent sized bud he had grown. There was no scale but it would have sold on the street for $20 or so. I asked him what his production cost on that was, he said about seven bucks. Capitalism wins!
And now I realize a 3x markup from producer to consumer is typical so $300/oz is a well supported price.