You. RFN, 2014

[Glinda]

Originally Posted by Big Sarge

So it comes out to about $600 for a legal ounce of marijuana??

Yeah, it's nuts. But you have to remember that the law applies a 25% excise tax at each level of the system: from producer to processor, from processor to retailer, and from retailer to customer. In addition, local retail sales taxes apply. That's a mighty heavy tax burden.

We're buying the stuff for $6-7 per gram right now, but that's going to drop a lot once (1) currently licensed growers start harvesting, and (2) the state issues more growing licenses. Right now, there are only about 80 licensed growers; there are another 1800 on the waiting list.

Still, regardless of the price, people are more than happy to stand in long lines for it. Our primary clientele is baby boomers who have't smoked for decades and don't have their own connections. For these folks, even if they wanted some bud, they wouldn't know how to go about getting some, and the whole "it's illegal!" aspect generally stopped them in their tracks. But now that it's legal, they're coming out of their self-imposed pot prison and into the light!

THANK YA, BABY JEEZUS!!!