In July, Salon's Matthew Yglesias wrote an article about the price of legal marijuana, which is even more interesting now that Colorado and Washington have legalized cannabis for recreational use.
How cheaply could pot be grown with advanced farming techniques? One potential data point is Canada’s industrial hemp industry, where production costs are about $500 per acre. If the kind of mid-grade commercial weed that accounts for about 80 percent of the U.S. market could be grown that cheaply, it implies costs of about 20 cents per pound of smokable material: Enough pot to fill more than 800 modest-sized half-gram joints for less than a quarter!. Those numbers are probably optimistic, since in practice recreational marijuana is grown from more expensive transplanted clones rather than from seeds. Even so, the authors note that “production costs for crops that need to be transplanted, such as cherry tomatoes and asparagus, are generally in the range of $5,000-$20,000 per acre.” That implies costs of less than $20 per pound for high-grade sensimilla and less than $5 a pound for mid-grade stuff. Another way of looking at it, suggested by California NORML Director Dale Gieringer, is that we should expect legal pot to cost about the same amount as “other legal herbs such as tea or tobacco,” something perhaps “100 times lower than the current prevailing price of $300 per ounce—or a few cents per joint.”
This would make pot far and away the cheapest intoxicant on the market, absolutely blowing beer and liquor out of the water. Joints would be about as cheap as things that are often treated as free. Splenda packets, for example, cost 2 or 3 cents each when purchased in bulk.
I wonder how much money the liquor industry is going to contribute in their attempt to get these cannabis laws overturned?
Get High for Free
With recreational pot legal in eight states plus Washington, DC, it’s a little surprising that no one has opened a weed-friendly campground until now. What used to be Lake Selmac resort in Selma, Oregon, is now Smoke on the Water campground, which offers boats, kayaks, paddle boards, fishing, a general store (which opens May 6), […]
While US attorney general Jeff “Джеффри” Sessions is busy spreading phony anecdotes about the deadly effects of marijuana and pining for the days of the Reagan drug war, 61% of Americans think is should be legal for recreational purposes, according to a CBS poll released today. Eighty-eight percent think it should be legal for medical […]
In Los Angeles, Lowell Farms offered a limited number of lovely cannabis floral bouquets for delivery today, Valentine’s Day. The price was $400/ounce. The Lowell Farms site still shows the bouquet on their front page with an email address to place your order so perhaps this fine gift will continue to be available! (via LA […]
Although flagship smartphones are unlikely to adopt heavy-duty outer casing anytime soon, you can always prepare your device for the outdoors with a beefy case and and an external battery like this Nomad Tile Trackable PowerPack, available in the Boing Boing Store for $119.95.The Nomad Tile can fully recharge an iPhone 7 over three times […]
Even though credit cards now feature an EMV chip for securing transactions, they still have to include the magnetic strip for compatibility with older point of sale systems. Because of this, there’s no way for the chip’s new security capabilities to protect against card skimmers in the wild.How do you protect yourself from legacy-technology-induced fraud? […]
As the old saying goes, “You should sit in meditation for 30 minutes every day. Unless you are too busy, in which case you should meditate for an hour.” Since most of us have an endless list of things to do and people to see, carving out quiet time can feel impossible, especially when most […]