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Legal marijuana pricing: $400 an ounce causes marijuana 'sticker shock'

A marijuana shop in Colorado
A marijuana shop in Colorado
Photo by Theo Stroomer/Getty Images

Legal marijuana pricing is more expensive that you might think. On Jan. 3, Mail Online reported that people in Colorado are paying $400 an ounce for premium marijuana which is about $100 more than what someone would pay "illegally" on the street. While people may have been surprised to learn just how much an ounce of legal pot would cost them, people paid -- and they came in droves.

"I think people were a little bit surprised at the price. We are concerned about that," said Rachel Gillette, executive director of the Colorado chapter of NORML, a national nonprofit seeking to make marijuana use legal nationwide (via Mail Online).

Legal marijuana pricing was going to be high -- that wasn't a surprise. However the price being $100 more than street price is a bit of a problem for some people. $100 is $100 and a lot of people don't have that kind of cash to spend on one ounce of pot. However, the high prices could just be a sign of the market -- there is a high demand so prices are up.

"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," said Gillette. And for pot buyers, that's the hope.

Does the legal marijuana pricing deter you from wanting to buy pot from a legal store?

© Effie Orfanides 2014

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