Tuesday, December 31, 2013

"Far more than $225 an ounce" for something they can grow in their living room?-------High Prices for Getting High Expected as Colorado Opens Legal Pot Shops

High Prices for Getting High Expected as Colorado Opens Legal Pot Shops - US News and World Report: "The state will impose total taxes of 25 percent on marijuana plus the regular 2.9 percent state sales tax, and local taxes will also apply on top of those.
At Kine Mine, a store in the small town of Idaho Springs, for example, total taxes will come to 31.9 percent – 27.9 percent in state taxes plus 1 percent in county taxes and a 3 percent city tax, according to store founder Theran Snyder.

But he expects he may have to charge recreational users even further above and beyond his medical marijuana prices to stay stocked.
....Though Snyder declines to give exact price points, he believes he may have to charge far more than $225 per ounce for non-medical marijuana to ensure that product stays on the shelves when the new law kicks in."

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