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US Pricing Value On Cannabis For Insurance Settlements Inquiry's

                   4-4-2007

       

FYI, Here is the data that was generated so far by this email string. 1) The UN survey puts US cannabis at just over $420 per ounce, and an amazing $1035 per pound on average. I wonder if the "purity" index refers to THC content or could it be something else? 2) The National Survey on Drug Use and Health price per gram index was calculated in 2005 at $6.14 per gram; that is, $173.93 per ounce or $2782.92 per pound. 3) In my experience, court testimony by California law enforcement typically puts the market price of domestic marijuana in the $3000 to $5000 per pound range (± $3500 for sinsemilla with ounces ranging ± $250 - $500). Mexican can dip well under $1000 per pound, especially in bulk purchases, so you might average in the $500 pound bricks and $50 ounces with the $5000 pounds and $420 ounces or more if one buys by the joint, Eighth or Dime Bag, where your aggregate price per ounce can clear $500 and $8000 per pound. Plus a lot depends on if you grown and whom you know ... BTW, Medical grade cannabis is less expensive in the Northern part of the state than in SoCal; conversely, Mexican grade cannabis is less expensive in the Southern part of the state than in NorCal. If there is any further comment, please let me know. Thanks everybody. -- Chris Conrad, court-qualified cannabis expert PO Box 1716, El Cerrito CA 94530 510-215-8326 / 510-234-4460 fax www.chrisconrad.com / www.safeaccessnow.net ______________________________ On Mar 27, 2007, at 1:26 PM, Michael Krawitz wrote: > Hi Chris, > > I will check if I can find a minute but you might want to look at > the world drug report put out by the ONODC [ INCB]: > > http://www.unodc.org/unodc/world_drug_report.html UN World Drug Report 2006 Volume 2. Statistics CANNABIS HERB Retail and wholesale prices and purity levels: United States (prices expressed in US$ or converted equivalent, and purity levels in percentage) RETAIL PRICE (per gram) Typical Range Purity Year $15.0 $10.0 - 25.0 5.0% 2004 WHOLESALE PRICE (per kilogram) Typical Range Purity Year $2,300.0 $600.0 - 4,000.0 4.0 - 13.0% 2004 On Mar 27, 2007, Allen St. Pierre wrote: > Hello! This maybe helpful... -Allen NORML > > Derivation of Price Index (Jon Gettman) > http://www.drugscience.org/Archive/bcr2/estproc.html > > The price of marijuana used in this report is based on data derived > from the National Survey on Drug Use and Health (NSDUH) over a 5 > year period, 2001-2005. [20] The farm price of marijuana was > derived using a two stage process. The first stage involved > producing an average retail price over this five year period. > Survey respondents were asked what they paid for marijuana and what > quantities they purchased. Midpoint prices per gram were derived > for each category of purchases of less than one ounce, and a > weighted price per gram was calculated with data from each of the > last five years of survey data. For example, in 2005 the per gram > price index was calculated at $6.14 per gram, which is a price of > $173.93 per ounce or $2782.92 per pound. The same model produced > the following retail estimates: > > Table 1. Retail Price Indices Derived from the National Survey on > Drug Use and Health ... On Mar 27, 2007, at 6:45 PM, Paul Loney blc@hevanet.com wrote: > Hi Chris, > > I am an attorney here in Portland, Oregon. I volunteer > with Oregon NORML and represent many med mj paitients. I have a > case where an insurance company is denying my client's claim for > stolen med mj ... I would love to talk with someone knowledgeable > about this issue. If you have any thoughts or names of people I > can speak to that would be great. > > Thank you, > > Paul Loney On Mar 26, 2007, at 6:16 PM, lelandberger@comcast.net wrote: > kindly post responses to the list as this issue arises in my work > as well, from time to time > Lee Berger, Portland > > -------------- Original message ---------------------- > > From: Chris Conrad <chris@chrisconrad.com> > >> A patient in LA (California) is trying to settle an insurance claim >> on some MMJ and the insurance agent wants to see any published lists >> of market prices. >> >> I mentioned the High Times HTMQ, but that's not as official as they >> would like. Does the DEA or any law enforcement group publish such a >> compilation of cannabis prices by the eighth, quarter, half, full >> ounce, pound, etc. to show them? What about Monitoring the Future or >> NIDA? This will give a better range of possible prices, based on how >> much and where it is obtained. >> >> If you know of such an index, please send an email to myself and cc >> it to Suzie Ariel <angelofcreation@aol.com>, who is researching the >> topic as well. Thank you in advance for any leads, links or >> attachments to help resolve this. >> >> -- Chris >> ______________________________ >> >> LA dispensary listing for Mango: $70 / eighth, $280 oz Download this as a file