$4.40/lb that's more like it!

[WHATFG]

At least that's what we should be paying for a pound based on beyondchronic.com

"I ran across the name John Novak this morning, and saw that he ran a site with the intriguing name of 420 Leaks, so I decided to look it up. Mr. Novak seems to be a lot like me in that he loves to pore through old information and records, finding fascinating tidbits that are useful for medical and legal arguments supporting cannabis.


So I started reading through some of his recent articles, and found this great article about the pre-1937 medicinal cannabis market. It quotes a U.S. Department of Agriculture farmer’s bulletin which gives some great hints for growing cannabis plants on a farm, describes how to properly process them for use in the drug market (!), and concludes with the fact that “The market price in January, 1927, for domestic cannabis (U.S.P.) was 23 to 33 cents a pound”. This was the fair, open market price before all the “reefer madness” hysteria we all know so well, so it’s untainted by ideology.


So I said to myself, “Something something inflation” and used the Federal government’s own inflation calculator to find that, at 33 cents a pound, primo cannabis intended for the “drug market” would cost $4.44 a pound today:






I’ve been saying for years that legal marijuana should cost about as much as oregano, and so there goes your proof.


By the way, Mr. Novak, if you read this, please check out some of our own historical articles:


Discovered: Legal Precedent For Medical Marijuana At the Federal Level
Marijuana Was Legal At the Federal Level In The Sixties"

And we are being asked to pay $6- $12/g!

 

[woody333333]

what?????????

 

[1itsme]

At least that's what we should be paying for a pound based on beyondchronic.com

"I ran across the name John Novak this morning, and saw that he ran a site with the intriguing name of 420 Leaks, so I decided to look it up. Mr. Novak seems to be a lot like me in that he loves to pore through old information and records, finding fascinating tidbits that are useful for medical and legal arguments supporting cannabis.


So I started reading through some of his recent articles, and found this great article about the pre-1937 medicinal cannabis market. It quotes a U.S. Department of Agriculture farmer’s bulletin which gives some great hints for growing cannabis plants on a farm, describes how to properly process them for use in the drug market (!), and concludes with the fact that “The market price in January, 1927, for domestic cannabis (U.S.P.) was 23 to 33 cents a pound”. This was the fair, open market price before all the “reefer madness” hysteria we all know so well, so it’s untainted by ideology.


So I said to myself, “Something something inflation” and used the Federal government’s own inflation calculator to find that, at 33 cents a pound, primo cannabis intended for the “drug market” would cost $4.44 a pound today:






I’ve been saying for years that legal marijuana should cost about as much as oregano, and so there goes your proof.


By the way, Mr. Novak, if you read this, please check out some of our own historical articles:


Discovered: Legal Precedent For Medical Marijuana At the Federal Level
Marijuana Was Legal At the Federal Level In The Sixties"

And we are being asked to pay $6- $12/g!

you should start growing and sell for $4.44 a lb. let me know how it goes.

 

[SnapsProvolone]

If it was grown at the old days quality levels its probably only worth four bucks a pound.

 

[Kootenaygirl]

Probably even lower, down to 2-3$ /g, once the MMPR is fully up and running 10 years or less. A pound oops!!!??? What I destroy probably cost more than 4.40 /lb to make. What the fg ?

 

[redi jedi]

$4.40 a lb....your kidding right?

If the MMPR allowed for outdoor growing, $1/gram would still be profitable but the cost of electricity alone prevents any LP from selling at that price....

 

[Doobius1]

I think its more the point that if it was legal and fields were being grown worldwide prices would be related to other products that require the same time and care to harvest. Would anyone pay $10 a gram for tobacco?

 

[chewberto]

Sheeeeeeit! My flowers are worth 2400 a lb! Time, electricity, nutrients, and gear ain't free! So all you wanting 4.40 a lb should have some respect for the hard work that goes into creating quality cannabis! This is directed at people bitching about weed prices! Nobody specifically! Also the weed back then was probably equivelant to swag! So perhaps that would be fair!

 

[Red1966]

Sheeeeeeit! My flowers are worth 2400 a lb! Time, electricity, nutrients, and gear ain't free! So all you wanting 4.40 a lb should have some respect for the hard work that goes into creating quality cannabis! This is directed at people bitching about weed prices! Nobody specifically! Also the weed back then was probably equivelant to swag! So perhaps that would be fair!

Back then they didn't use lights, electricity, or gear, unless you count the plow. They grew outdoors. They also sold the stalks for fiber (paper, rope, cloth). There was more money in the fiber than the flowers. The Constitution is written on hemp paper.

 

[chewberto]

Back then they didn't use lights, electricity, or gear, unless you count the plow. They grew outdoors. They also sold the stalks for fiber (paper, rope, cloth). There was more money in the fiber than the flowers. The Constitution is written on hemp paper.

What does that have to do with today and quality? And you're talking about hemp, not cannabis sativa/indica right?

 

[Red1966]

What does that have to do with today and quality? And you're talking about hemp, not cannabis sativa/indica right?

Just saying it wasn't like today, it was basically ditch weed. And hemp IS cannabis. Perhaps you've noticed you can't buy hemp rope anymore?

 

[chewberto]

Exactly so why did it seem you were disputing my initial post? I said it was like swag and that the monetary value does not equate! Today we use a lot more resources that raise production costs! Also, Hemp is not the same as cannabis sativa/indica! From the same family, but not the same!

 

[Red1966]

Exactly so why did it seem you were disputing my initial post? I said it was like swag and that the monetary value does not equate! Today we use a lot more resources that raise production costs! Also, Hemp is not the same as cannabis sativa/indica! From the same family, but not the same!

I wasn't disputing, I was agreeing. Hemp is cannabis. Exactly the same. hemp (hmp) n. 1. Cannabis. 2. The tough, coarse fiber of the cannabis plant, used to make cordage. 3. a. Any of various plants similar to cannabis, especially one yielding a similar fiber. b. The fiber of such a plant.

 

[chewberto]

Hemp is a cannabis variety that grows very tall and is harvested for fibers, oils, waxes etc. it is not a cannabis sativa or indica and contains very little d9 THC. If it were exactly the same, we wouldn't grow one for flowers and the other for rope would we?

 

[WHATFG]

I think its more the point that if it was legal and fields were being grown worldwide prices would be related to other products that require the same time and care to harvest. Would anyone pay $10 a gram for tobacco?

I actually posted it in jest. However, I am finding some of the responses amusing. People that grow for profit are just as touchy about the price as people who use it for medicine and think they should pay nothing if next to nothing. Interesting.

 

[chewberto]

I don't grow for profit, I don't sell period! I just put an estimated value on my product! I just vented because I was just reading a lot of bitching from people ( nobody here in particular) with entitlement issues saying "oh it's just a plant and it should be free" I feel it's just ignorant and probably school kids, yes you could grow outdoors and save a lot of money, still you're talking about 4+ months of work, plus dirt and nutes! I am very compassionate and my heart hurts to see people in pain, so To be clear, I actually donate some of my work to people who truly need it, and would struggle without it! Carry on!

 

[kinddiesel]

they may of been referring to (hemp) not cannabis. hemp is cheap and grow back in those days. hemp was considered cannabis back in the old days. I have seen a article some where about it. but then again you could buy a new car for under 500 dollars

 

[Red1966]

Hemp is a cannabis variety that grows very tall and is harvested for fibers, oils, waxes etc. it is not a cannabis sativa or indica and contains very little d9 THC. If it were exactly the same, we wouldn't grow one for flowers and the other for rope would we?

You're basing your argument on your assumption they're different. Hemp grown for fiber is just grown tightly together. This encourages a long, tall stock with little branching. Google "hemp" and you'll see. I thought I already posted the definition. There are only three kinds of cannabis, Indica, Sativa, and Ruderalis(sic). They can all be hemp, tho sativa is the best producer of fiber.

 

[OGEvilgenius]

$4.40 a lb....your kidding right?

If the MMPR allowed for outdoor growing, $1/gram would still be profitable but the cost of electricity alone prevents any LP from selling at that price....

That would be outdoors without regulations. The price sounds about right. Probably wouldn't be nicely trimmed or anything either.

 

[OGEvilgenius]

Back then they didn't use lights, electricity, or gear, unless you count the plow. They grew outdoors. They also sold the stalks for fiber (paper, rope, cloth). There was more money in the fiber than the flowers. The Constitution is written on hemp paper.

Indeed, I suspect the flowers would be worth more today than they were back then as demand is higher, but it wouldn't be drastic ($4.40 -> $500, it'd be more like $4.40 -> $15.00 ). It's just economics.