Where is price of pot headed?
With the generally available supply of marijuana set to increase in a big way Jan. 1, 2014, the laws of economics would seem to dictate that the price of marijuana could come down with a flood on the market.
Anecdotally, medical marijuana dispensaries today probably are charging a bit more than the street does for weed, but with more shops coming online, the future retail price of pot is anything but certain.
Today, according to recent pricing data from online dispensary database weedmaps.com, medical marijuana patients using Western Slope caregivers can pick up an ounce of midgrade marijuana on average for about $185 dollars — but prices fluctuate, as does the strain and quality of the marijuana.
It’s a bit cheaper in Denver — where literally dozens of dispensaries dot the marketplace. A cursory average of prices there for midgrade weed is under $180 bucks, according to weedmaps.com.
It’s difficult to gauge how that pricing stands up to current street prices.
Glenn Gaasche, group supervisor at the Drug Enforcement Administration in Grand Junction, says generally you’re looking at $150 to $300 for an ounce of weed in Grand Junction, depending on the quality.
The variety of strain names reflects how pervasive and advanced the grow industry has become. Dispensaries offer buds with curious names like Grape Stomper X OG Kush, Wreckage, Sour Willie, Juicy Fruit, Bruce Banner and Green Crack — to name but a few from just one prominent Denver provider.