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News about the legal Washington State industry & public concerns.

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.

Steve was part of the Spokane Public Radio family for many years before he came on air in 1999. His wife, Laurie, produced Radio Ethiopia in the late 1980s through the '90s, and Steve used to “lurk in the shadowy world” of Weekend SPR. Steve has done various on air shifts at the station, including nearly 15 years as the local Morning Edition host. Currently, he is the voice of local weather and news during All Things Considerd, writing, editing, producing and/or delivering newscasts and features for both KPBX and KSFC. Aside from SPR, Steve ,who lives in the country, enjoys gardening, chickens, playing and listening to music, astronomy, photography, sports cars and camping.
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