River North-based Cresco Labs is primed to become the nation’s largest cannabis firm after announcing plans Thursday to acquire Columbia Care in a $2 billion deal.
Probably will still be smaller than the illegal weed industry since there are no taxes on that. California and Colorado’s legal weed industry are outsold and undercut by the illegal trade and is flourishing due to excessive taxes and regulations. Company should be renamed from Cresco to Crisco so they can also satisfy the people with high fat munchies.
The legal weed market is really expensive compared to the street market. The police are still busting dealers on a regular basis selling baggies weed. My weed loving high school friends tell me that a legal baggie of weed is $80. That might last a few days, or less, if its a partying weekend. $80 is a lot of money for a lower working class guy used to paying $45 for a bag of weed. I totally see why the legal weed market has failed to completely dislodge the street market.
Check the Oklahoma market. Over 6000 cultivation licenses in the state. Wholesale prices are $50/lb. Yes, $50/lb. Keep paying $35/gram Illinois. Ha ha ha ha
That’s pretty interesting! I read an article years ago right about when cannabis started becoming legalized around the country … the author believed that cannabis would become a cash crop, and he went through the math, and said the cost would be something like $50 a lbs when things were up and running.
I haven’t checked out the prices online in IL in quite a while but I just looked, $60 for 3.5 grams of premium, and the taxes on that $60 bring up it up to something like 80$
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Probably will still be smaller than the illegal weed industry since there are no taxes on that. California and Colorado’s legal weed industry are outsold and undercut by the illegal trade and is flourishing due to excessive taxes and regulations. Company should be renamed from Cresco to Crisco so they can also satisfy the people with high fat munchies.
Have you watched Murder Mountain on Netflix?
Not yet but I will soon. Thanks!
Netflix? I don’t support companies that hate my values.
The legal weed market is really expensive compared to the street market. The police are still busting dealers on a regular basis selling baggies weed. My weed loving high school friends tell me that a legal baggie of weed is $80. That might last a few days, or less, if its a partying weekend. $80 is a lot of money for a lower working class guy used to paying $45 for a bag of weed. I totally see why the legal weed market has failed to completely dislodge the street market.
Check the Oklahoma market. Over 6000 cultivation licenses in the state. Wholesale prices are $50/lb. Yes, $50/lb. Keep paying $35/gram Illinois. Ha ha ha ha
That’s pretty interesting! I read an article years ago right about when cannabis started becoming legalized around the country … the author believed that cannabis would become a cash crop, and he went through the math, and said the cost would be something like $50 a lbs when things were up and running.
I haven’t checked out the prices online in IL in quite a while but I just looked, $60 for 3.5 grams of premium, and the taxes on that $60 bring up it up to something like 80$