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how much is a pound of loud

How much is a pound of loud

The next step up from the quarter-pound is a half-pound. Weighing at 226.8 grams, a half-pound, or 8 ounces of cannabis is also known as half-pack and half-pounder .

1 pound is equivalent to 453 grams or 16 ounces, enough to put a dent in the bank account. A pound can cost up to $3,000 and can be called a pack or an elbow .
Grams may be the universal weed measurement, but what we call cannabis changes based on your location.

Every country except Burma, Liberia, and the United States uses the metric system. With different units of measurements around the globe, how do other countries weigh their weed if they’re on a different system? Most of the world has adopted the metric system. The decimal system of measurement is known as the International System of Units (SI). In short, cannabis is measured by grams no matter where you go. Beyond grams, cannabis weights outside the U.S. are typically referred to in kilograms, or 1,000 grams. One kilo , as it is often called, is 2.20462 pounds.
With an eighth of weed, you’ll be able to roll two to three blunts or a handful of joints. Eighths are also known as a half-quarter or a slice .
Marijuana dispensaries and delivery services weigh cannabis products such as flower and concentrates in grams. Concentrates can be purchased in half-grams and full grams, while cannabis flower is measured in grams.
You can get seven half-gram bowls out of an eighth of cannabis.
So, you’re ready to purchase your marijuana. You’ve selected your flower and the budtender asks, “How much you would like, an eighth, maybe a quarter?”

A half-ounce is 14 grams. This quantity is also referred to as a half or half “O.” With a half-ounce, you can roll between 7 and 14 blunts.

An 1/8 is a unit of measurement dispensaries use to determine quantity of cannabis. Learn the different nuances between 5 gram 1/8s and more.

If, as Douglas Brown suggests, marijuana has become a commodity, then growers will have to make their product unique or special in order to stand out if they want to protect their investments. That explains the rush to align with celebrities for branded product lines. This helps the dispensaries who are learning that stocking bulk marijuana is like selling private label groceries. It doesn’t pay. If it isn’t Snoop’s Leaf or Willies Reserve, then customers may be willing to spend more for something organic and pesticide-free.

Growing marijuana today isn’t as simple as throwing some seeds into the ground. It’s an endeavor that costs millions. Modern grow facilities employ expensive technology to control lights and water. Employees must tag and track the product from seed to sale and owners are usually forced to buy their buildings outright as some landlords don’t like cannabis in their buildings and banks won’t finance mortgages for the end-use.
In Washington state, flower prices plunged from $25 a gram in August of 2015 to approximately $6 currently. In Colorado, the price fell from $8 a gram to just under $6 a gram. This equates to roughly $168 an ounce or $2,688 a pound. Cannabis Benchmarks reported that the average spot price for cannabis in the U.S. fell to $1,486 in December. So far in 2017, overall cannabis prices have risen for the past three weeks, but it is still on average only $1,641 per pound.

“Wholesale marijuana prices declined in 2016 from $2,500 to $1,000 per pound, with some dispensaries offering recreational ounces as low as $65 on,” said Brian Shapiro, Chief Executive Officer of CannaSaver. Shapiro said that grow houses flooded the market with cheap marijuana and subsequently drove prices down. Only concentrated cannabis products like oils remained fairly unchanged in pricing.
Douglas Brown of Contact High Communications said that it wasn’t existing cultivators that tipped the market, but rather new and large entrants to the growing side. “At some point — and we are probably there now — flower becomes a commodity, like soybeans or corn. And then only the biggest players make any money selling it. Margins are thin, but they grow a lot of flower,” he said. Brown pointed to what he called “enormous” grows in Pueblo, CO.
The falling price of legal marijuana is shaking up the dynamics of the marketplace.
Dan Anglin, President of AmeriCanna, said he can’t grow enough marijuana to keep up with the demand for their edible gummies. He said “It’s a basic costs vs. consequences struggle. I’m spending 4-5x to grow cannabis vs. the wholesale rate for trim or bud, but it’s protecting my brand.” By protecting his brand, he means keeping the gummies free from pesticide-tainted marijuana. Anglin added, “I either need to expand and grow a lot more plants to bring the costs down, or take the gamble that cultivators selling cannabis in the wholesale market are pesticide free. The first option keeps my costs way too high, the second option could damage the confidence in our products if we were the victim of a recall.” AmeriCanna customers can rest assured the company cares about the products they ingest.
As in any economy, it’s the law of supply and demand. Right now, there is too much supply of marijuana for the demand. Jennifer Beck, co-founder of Cannabase, Colorado’s leading wholesale marketplace said, “Although the consumer is growing – we still see marijuana sales breaking new records. Falling prices and oversupply (including massive congestion in the wholesale space) suggest that sales are not growing nearly as quickly as production.” Beck said there is no end in sight for the amount of cultivation that is occurring and that it’s hard to know when the market will be able find equilibrium.

Chart provided by BDS Analytics.

Wholesale marijuana prices fell from $2,500 to $1,000 per pound in 2016. Growers have to decide whether to cut production or cut their growing costs.