Skip to main content
  1. News
  2. Top News

Colorado marijuana prices: Sticker shock as price of pot skyrockets

See also

Colorado marijuana prices are resulting in sticker shock as they skyrocket to outrageous proportions. NBC News reports Jan. 4 that when pot could legally be purchased Wednesday, some retailers were selling marijuana as high as $400 per ounce to recreational users, said Rachel Gillette, executive director of Colorado chapter NORM -- a nonprofit group working to make marijuana legal nationwide.

Gillette said she is "concerned" about the amount of Colorado marijuana prices.

Marijuana sold for medical purposes have been sold at dispensaries for about $250 an ounce plus taxes. This has been done in the state since 2010.

At this time Colorado marijuana prices have no limits on cost. It is open to the market's supply and demand. A dispensary selling high-quality marijuana marked its price up by $25 to $70 for one-eighth of an ounce the day pot was legalized.

Gillette said the new marijuana law is being watched closely. They do expect prices to stabilize, but it will not happen right away.

“It’s a new industry, a new market,” Gillette said. “I think things will work themselves out in a few years. We saw the same thing happen with the medical marijuana industry before prices came down.”

Since pot was legalized in the state Jan. 1, it has been in the news daily with everything from death hoaxes to the now high cost of someone getting their hands on some. How long will it take for Colorado marijuana prices to come down?

Advertisement

News

  • Mt. Everest avalanche
    Disaster strikes Mt. Everest as at least 12 people were killed in an avalanche
    Video
    Watch Video
  • Most Earthlike planet discovered
    The Kepler telescope has discovered the most Earthlike, possibly habitable planet yet
    Space News
  • Easter crosses create debate
    Easter crosses spark a debate of separation of church and state in Ohio
    Headlines
  • Chelsea Clinton is preggers
    Former first daughter Chelsea Clinton is pregnant with her first child
    Headlines
  • Stanley Cup playoffs
    The battle for Lord Stanley's Cup is on, don't miss a minute of playoff action
    Sports
  • Ukraine discussed amongst U.S., E.U., Russia
    The U.S., E.U. and Russia agree on ways to diffuse the tension in Ukraine
    Video
    Watch Video

Related Videos:

User login

Log in
Sign in with your email and password. Or reset your password.
Write for us
Interested in becoming an Examiner and sharing your experience and passion? We're always looking for quality writers. Find out more about Examiner.com and apply today!