Seattle Dispensaries Price per Pound?
- Thread starter flat9
- Start date
Raoul Duke1
Member
Any where from 2000 to 2800 depending on what season it is. The market is flooded right now so they have allot of choices in the summer not as much
Raoul Duke1
Member
and that's what they pay for one they really dont sell to many cause they tax the hell out of it.
BigNinjaFoo
Member
Dude if you are donating more than 1800 a pound from the farmer then somethings wrong IMO
Samwell Seed Well
Well-Known Member
most dispensaries will offer you 2k, its worth 28 but they are hacks
BigNinjaFoo
Member
In reality yes because it's pretty easy to grow 20 pounds every 10 weeks....But 95% of the people here are doing it for profit..
Shoot even 1800 is way to much
SeniorFrostyKush
Active Member
You guys are lucky. In Colorado, you cant sell SHIAT to dispensaries. Colorado mmj legislations are the wackest in the nation.
not as lucky as you think. In a little while all of the medical dispensaries in wa may be shut down by the state, in favor of the Recreational stores that are turning in 25/25/25% compounded taxes (~85% of retail prices goes to the state). WA is greedy, look how it repeatedly screws over Boeing
We should know more by Wednesday. But if they do, there's always under the table. With a VAT of 25% applied three times, that's (1.25)^3 = 1.95, so a 95% increase in price assuming constant supply. There will be a lot of greenhouses that come on board to offset that, but the quality won't compare to indoor, hydroponics. Outdoor stuff wouldn't show up til Sept so there's plenty of opportunities to get some more dough...
if we the people let them
People, get out your calculator on the tax issue.
Say you are a producer/processor, so only two levels of the 25% excise tax apply.
You sell your cannabis for $5.33/gram to a retail store. The state takes 25% = $1.33/gram. The retail store buys it for $5.33 and keystones the price to retail for $10.66/gram. But since the state wants 25% of this transaction too, he needs to increase the price to $14.21/gram so that after the state takes 25% ($3.55) he will get to keep the $10.66. Now we have total tax of $4.88 on a total sale price of $14.21. Divide 4.88 by 14.21 and you get a rate of 34%. High, but not that bad of a 'sin tax'.
There will also be sales tax on the total, but the state excise tax is 34%, so quit bringing up 85%. That's incorrect.
Say you are a producer/processor, so only two levels of the 25% excise tax apply.
You sell your cannabis for $5.33/gram to a retail store. The state takes 25% = $1.33/gram. The retail store buys it for $5.33 and keystones the price to retail for $10.66/gram. But since the state wants 25% of this transaction too, he needs to increase the price to $14.21/gram so that after the state takes 25% ($3.55) he will get to keep the $10.66. Now we have total tax of $4.88 on a total sale price of $14.21. Divide 4.88 by 14.21 and you get a rate of 34%. High, but not that bad of a 'sin tax'.
There will also be sales tax on the total, but the state excise tax is 34%, so quit bringing up 85%. That's incorrect.