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Pot Growers Troubled by Falling Prices
Decriminalization has led to pot crop deflation
By JACKSON WEST
Updated 10:23 AM PDT, Tue, May 18, 2010
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TheTruthAbout... / Flickr
Longtime Humboldt resident Charley Custer tells National Public Radio that back in the early days of President Ronald Reagan's "War on Drugs," locally grown marijuana was selling for as much as $5,000 a pound.
Now, pot farming is going mainstream. Legal distribution through medical marijuana dispensaries and a ballot initiative in November offering to make recreational use legal are creating a legitimate commodity. A flood of supply means prices have dropped considerably.
The East Bay Express calls some of the claims in the report disingenuous, suggesting that unsubstantiated claims and the vast difference in product quality could account for price fluctuations.
"What's happening is the people that don't have quality product aren't selling it," said medical cannabis grower Tim Blake.
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While obviously getting reliable historical data from a violently marginalized market is difficult, more and more stories are popping up suggesting a significant fall.
It also has implications for efforts to tax what's possibly the state's largest cash crop, because a drop in prices from increased supply might invalidate current estimates of the trade and its value.
Decriminalization has led to pot crop deflation
By JACKSON WEST
Updated 10:23 AM PDT, Tue, May 18, 2010
var trkcid=93964829;var partnerID=521477; var _hb=1; window.onerror=function(){clickURL=document.locati on.href;return true;} if(!self.clickURL) clickURL=parent.location.href;
TheTruthAbout... / Flickr
Longtime Humboldt resident Charley Custer tells National Public Radio that back in the early days of President Ronald Reagan's "War on Drugs," locally grown marijuana was selling for as much as $5,000 a pound.
Now, pot farming is going mainstream. Legal distribution through medical marijuana dispensaries and a ballot initiative in November offering to make recreational use legal are creating a legitimate commodity. A flood of supply means prices have dropped considerably.
The East Bay Express calls some of the claims in the report disingenuous, suggesting that unsubstantiated claims and the vast difference in product quality could account for price fluctuations.
"What's happening is the people that don't have quality product aren't selling it," said medical cannabis grower Tim Blake.
$(document).ready(function(){ $('#jqm_wrp_2') .jqDrag('.jqDrag') .jqm({ trigger: '#sseTrigger_2', ajax: 'http://www.nbcbayarea.com/i/dispatcher/?command=LoadSlideshow&id=82967167§ionId=52147 7&path=/news/local-beat&viewer=modal', target: '#jqm_cont_2', overlay: 0, onShow: function(h) { h.w.css('opacity',1).fadeIn("fast"); nbcSlideshowTitle = nbcSlideshowTitle_2; G.doPixelTracking(51, true); }, onHide: function(h) { h.w.fadeOut("fast",function() { if(h.o) { h.o.remove(); } }); nbcSlideshowTitle = ""; SS.killInterval(); } }); }); Tour Oakland's Pot-Growing Megastore
var nbcSlideshowTitle_4 = "Weird News Photos";
While obviously getting reliable historical data from a violently marginalized market is difficult, more and more stories are popping up suggesting a significant fall.
It also has implications for efforts to tax what's possibly the state's largest cash crop, because a drop in prices from increased supply might invalidate current estimates of the trade and its value.
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