Sky high prices for first legal recreational pot sales in Washington
Tuesday, July 08, 2014 - 01:05
Avid pot users in Washington state are undeterred by sky high prices on first day of legalized recreational sales. Mana Rabiee reports.
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Marijuana shops in Washington state started legal recreational sales on Tuesday.
But prices for some of the green buds were going at twice the usual rate.
That's because only eight marijuana growers actually brought mature buds to harvest.
Leaving pot shops with a very limited supply on the big day.
SOUNDBITE: CANNABIS SELLER AMBER MCGOWAN SAYING:
"Ten pounds is what we have to sell."
So some shop owners are choosing to sell as little as two grams per customer for now.
And that low supply is pushing prices way up.
SOUNDBITE: JERAMY VAUGHN, RETAIL POT STORE OWNER, SAYING:
"How are we going to be able to provide a competitive price when there's only eight people that have product?"
The prices may be sky high.
But that's not deterring avid users from getting their high.
Sixty-five-year-old Deborah Greene was first in line at this Seattle pot shop.
She wanted to be a part of marijuana history.
SOUNDBITE: DEBORAH GREENE SAYING:
"I do, in fact that's the whole reason why I'm here."
Aaron Nelson's recreational pot shop had just enough supply to sell those two precious grams to 1,000 customers.
MARIJUANA SHOP OWNER, AARON NELSON, SAYING:
"When we sell-out, that's something we have to address at that point, at this point i think we'll be pretty good for the day."
Shop owners think that, in a few months when more product comes to harvest, pot prices will be roughly half of Tuesday's prices.
But for now, their biggest worry is how they'll meet all that pent up demand.
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