Jacob Redmond
Well-Known Member
A Spokane marijuana retailer said the price of pot has reached a new low.
Pot shop owner Justin Peterson thinks this is the bottom for marijuana prices in Washington and it will finally help eliminate the black market.
Weed for sale at Cinder in Spokane Valley can get as low as a few dollars above or below what many people paid for when the drug was illegal.
"We want to take away from the black market. We want it to be that it's safe environment for you to come into," said Peterson.
When store started selling pot in July you had to pay $25 per gram. Most strains of the drug are $15 a gram. Retailers said they are not making as much per sale but more people are buying and that is helping their business.
"It's kind of like the Costco standpoint, where we're able to sell it for less but sell more of it and make up for it," said Peterson.
Cinder started selling some types of the drug for as low as $13. They are also selling ounces of marijuana for $200. There are 28 grams in an ounce so customers can save more than $150 by buying in bulk. The store sold out in 24 hours.
The prices are similar to what Colorado customers pay for marijuana. Retailers in Washington do not have to make their own pot which is helping them make up the cost for higher taxes.
Retailers expect the cost of the drug to stay at this price unless taxes change in the state.
News Moderator: Jacob Redmond 420 MAGAZINE ®
Full Article: Pot prices reach a new low in Washington
Author: Shawn Chitnis
Contact: newsdesk@krem.com
Photo Credit: None Found
Website: KREM.com | Spokane Breaking News, Weather, Traffic, Sports - KREM.com
Pot shop owner Justin Peterson thinks this is the bottom for marijuana prices in Washington and it will finally help eliminate the black market.
Weed for sale at Cinder in Spokane Valley can get as low as a few dollars above or below what many people paid for when the drug was illegal.
"We want to take away from the black market. We want it to be that it's safe environment for you to come into," said Peterson.
When store started selling pot in July you had to pay $25 per gram. Most strains of the drug are $15 a gram. Retailers said they are not making as much per sale but more people are buying and that is helping their business.
"It's kind of like the Costco standpoint, where we're able to sell it for less but sell more of it and make up for it," said Peterson.
Cinder started selling some types of the drug for as low as $13. They are also selling ounces of marijuana for $200. There are 28 grams in an ounce so customers can save more than $150 by buying in bulk. The store sold out in 24 hours.
The prices are similar to what Colorado customers pay for marijuana. Retailers in Washington do not have to make their own pot which is helping them make up the cost for higher taxes.
Retailers expect the cost of the drug to stay at this price unless taxes change in the state.
News Moderator: Jacob Redmond 420 MAGAZINE ®
Full Article: Pot prices reach a new low in Washington
Author: Shawn Chitnis
Contact: newsdesk@krem.com
Photo Credit: None Found
Website: KREM.com | Spokane Breaking News, Weather, Traffic, Sports - KREM.com
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