Although recreational marijuana is now just as legal as booze in the state of Colorado, a recent report indicates the majority of residents are still opting to buy weed from street dealers rather than relish in the newfound stoner delights of the legitimate pot commerce.
According to an original report by Travelers Today, a travel website dabbling in offbeat news and pseudo journalism, much of Colorado’s stoner society, specifically college students, have continued to purchase marijuana from the black market due to the overall cost involved in obtaining a legal buzz.
“Marijuana from a dispensary will cost you around $400 an ounce, whereas getting marijuana straight from a dealer is somewhere closer to $60-$237 for a home-grow, depending on the quality and where you acquire it,” writes Ashley Sneddon of Travelers Today.
There are also spyglass speculations driving an immense wave of paranoia among students that having their name on a “medical registry” could lead to them having their scholarships revoked and ultimately blacklisted from higher education.
“Colorado marijuana dispensary owners say this is not an unusual decision; nobody wants to be on a list, so people continue to foster the black market,” according to the report.
The high costs associated with legal marijuana are predicted to drop off once additional retailers open throughout the state, closing the gap between the availability of legal weed and the rampant pace of the Colorado stoner.
However, it appears as if the presence of a taxed and regulated marijuana trade is, in fact, chipping away at the black market. Some street dealers say they would be better off flipping burgers down at the local McDonald’s than slinging weed. "Once you could pull in $60,000 a year, but these days it's more like a minimum-wage job,” one dealer told Travelers Today.
Despite high taxes, Colorado is expected to generate $1 billion in legal marijuana sales within the next fiscal year.
Mike Adams writes for stoners and smut enthusiasts in HIGH TIMES, Playboy’s The Smoking Jacket and Hustler Magazine. You can follow him on Twitter @adamssoup and on Facebook/mikeadams73.