COLORADO POT PRICES DROP BY SAME VALUE AS CANNABIS TAXES

I believe it was inevitable that cannabis prices would not drop in legalized states. The tax on Medical Cannabis is zero. The tax on Adult or recreational cannabis is 40%.

It is not that difficult for “people” to become “patients” and enjoy the cost reduction of 40% due to no tax.

If a “person” is going to pay, say $400 for an oz of recreational cannabis, they are going to pay an additional (or built in) tax of 40% or $160. It is cheaper to see a doctor one time per year and go medical.

I can’t believe it is a total coincidence that the cost reduction is nearly exactly what the tax is. Very interesting economics at work -way above my pay grade.

I am not sure what the consequences of this market move will be, but there will continue to be market adjustments with two worlds of cannabis bumping into one another.

Author

Allan Frankel, MD Dr Allan Frankel is one of the few physicians in the US who truly understands Cannabis as a medicine. All treatments suggested have been well studied. Every patient seen by Dr Frankel is given a personally created Treatment Plan created with the patient's specific issues defined. Plant medicine requires "tuning" of the dosing. Dr Frankel works with his patients thru a messaging portal. The use of this portal, allows quick and simple follow up contact with Dr Frankel. Patients are not charged for these messages, as this is how Dr Frankel has learned what he has learned. Follow up appointments in person or by phone/video are also available when needed