Jacob Sullum in Forbes: Marijuana Shortage Expected in Colorado As New Pot Shops Open

Strainwise

The world's first government-licensed recreational marijuana stores will open in Colorado next Wednesday. But January 1 is also the first day these businesses, which are legally required to produce at least 70 percent of their inventory, will be allowed to grow marijuana.

Which raises an obvious question: Where will the pot come from? As Senior Editor Jacob Sullum explains in Forbes, the answer suggests that cannabis consumers should be prepared for shortages and price increases, at least until the first harvest of newly legal recreational marijuana this spring.

Read the article.

Comments

[Agammamon]

Or a short period where ‘fast growing variants’ reign supreme.

[sarcasmic]

Then again, “Colorado has had cheaper marijuana than just about any place you can think of, and it’s been that way for years. We’ve gone from eighths [of an ounce] being $50 to eighths being $20. I do anticipate it’s going to go up, and how much it goes up is tough to know right now.”

Wow. That is cheap.

[OldMexican]

Jacob Sullum in Forbes: Marijuana Shortage Expected in Colorado As New Pot Shops Open

The amount of fees and the initial investment requirements to grow and sell marijuana in Colorado makes me conclude that the black market will still be very healthy in Colorado.

[prolefeed]

But January 1 is also the first day these businesses, which are legally required to produce at least 70 percent of their inventory, will be allowed to grow marijuana.

Which raises an obvious question: Where will the pot come from?

I’m guessing innovative entrepreneurs will discover a new strain of weed that * allegedly * can be grown to maturity in a single day.