Growing Glut = Much Lower Pot Prices
What Is Oregon Going to Do With Over a Million Pounds of Excess Weed?
As many have long predicted the price of weed where it's been legalized is crashing. There should be no surprise there. Hemp is at least as easy to grow as hay and hay goes for $4 for a 40 pound bale! Simple supply and demand. Plus it's one of the most vigorous plants mankind has ever grown.
Add in some processing and tolerable bulk flower tops ought to go for the price of bottled oregano and high-grade hash for the price of primo organic cinnamon. Another comparison - wholesale price of hops is around $6 per pound, with annual production around 104 million pounds. For cannabis, this is currently around $1225 per pound, with 5 million pounds produced per year.
Pot growing wild in a Nebraskan ditch.
People can grow 40 pounds of tomatoes on a terrace balcony in the summer yet pay $20/gr for dried flowers that are easier to grow? It looks like in time weed could be harder to give away than a shopping bag full of zucchini in July.
There is no shortage of tomatoes in India and here the price of tomatoes is very low. in fact, this problem is not here. the problem is that thousands of farmers commit suicide every year due to the fall in tomato prices in India. Thank you @pinkspectre
That is really sad to hear. The people in charge seem to love driving us commoners to kill ourselves. I really hope that hell is real for those bastards.
As time goes by and more states legalize we should definitely see prices drop tenfold!
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STOPTo support your work, I also upvoted your post!
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12.5SP - 25SP - 50SP - 100SP - 250SP - 500SP - 1000SP
Send it over to the UK, we have a serious shortage over here!
Enough for 4 ounces for each person....
Got a 1/4 for $20 .... Damn...