Pot Prices Should See Decline in WA
The amount of marijuana at legal stores in Washington has been in short supply since the stores opened in July, but that is expected to change soon. The fall harvest should bring a more abundant supply to those stores. And those outlets may take more of their share away from the black market.
NORML activist and licensed marijuana producer, Kevin Oliver says there are many people who don’t want to buy pot from a licensed store at a price of 16 to 26 dollars a gram, when they can get it on the black market price of about 11 dollars a gram.
But he says in time prices for legal marijuana will drop dramatically.
Oliver: "As the fall harvests come in on a micro level, you’re going to see tons of marijuana coming in to the stores, and I don’t see the price going much higher and ultimately as a producer, Im sure the price per ounce is going to be under 100 dollars."
At the current pricing, the cost of an ounce in the store could run as high as 700 dollars per ounce.