Why is a bag of weed always $10 (man)?
timharford.com
Why is a bag of weed always $10 (man)?
1–10 of 82 posts
Re: Why is a bag of weed always $10 (man)?
#2The answer is actually in the question. The questioner is accustomed to paying $10 for one gram. There was a time when the traditional "dime bag" was 1/10th ounce, or nearly three grams.
The $10 price point has "stuck," but the grocery shrink ray strikes all products. Remember when a $1 candy bar was twice today's size?
Re: Why is a bag of weed always $10 (man)?
#3$10 is how much a bag costs, how much a bag contains is the variable I would think. Kind of the opposite of gasoline.
Re: Why is a bag of weed always $10 (man)?
#4[deleted]
Re: Why is a bag of weed always $10 (man)?
#5The answer is actually in the question. The questioner is accustomed to paying $10 for one gram. There was a time when the traditional "dime bag" was 1/10th ounce, or nearly three grams. The $10 price point has "stuck," but the grocery shrink ray strikes all products. Remember when a $1 candy bar was twice today's size?
No, in the text he says the $10 refer to 1 gramme.
Re: Why is a bag of weed always $10 (man)?
#6The answer is actually in the question. The questioner is accustomed to paying $10 for one gram. There was a time when the traditional "dime bag" was 1/10th ounce, or nearly three grams. The $10 price point has "stuck," but the grocery shrink ray strikes all products. Remember when a $1 candy bar was twice today's size?
I remember when a candy bar was 1/2 today's size. Everywhere you go it's "supersized this" and "supersized that". Even snickers bars are 2" longer, 1/2" thicker, and 1/2" wider than they used to be.
Re: Why is a bag of weed always $10 (man)?
#7The answer is actually in the question. The questioner is accustomed to paying $10 for one gram. There was a time when the traditional "dime bag" was 1/10th ounce, or nearly three grams. The $10 price point has "stuck," but the grocery shrink ray strikes all products. Remember when a $1 candy bar was twice today's size?
Your age is showing.
There was a time when a dime bag was 1/4th of an ounce.
And I'm sure somebody even older than me is going to chime in with a recollection of an even more outrageous price.
Re: Why is a bag of weed always $10 (man)?
#8The answer is actually in the question. The questioner is accustomed to paying $10 for one gram. There was a time when the traditional "dime bag" was 1/10th ounce, or nearly three grams. The $10 price point has "stuck," but the grocery shrink ray strikes all products. Remember when a $1 candy bar was twice today's size?
No, in the text he says the $10 refer to 1 gramme.
Is cannabis routinely cut, as hard drugs are?
I can't imagine it would be terribly hard to find similarly-burning vegetation to dilute the amount of product in a fixed-weight bag at a level undetectable to the average buyer.
Re: Why is a bag of weed always $10 (man)?
#9Good question. The answer to that should be related to the answer to why things change in price.
Reasons for a smaller dollar amount: inflation, cheaper production, too few buyers, too many sellers (thus more competition)
Reasons for a bigger dollar amount: more expensive production, too many buyers, too few sellers (thus less competition)
I'm no economist but I suppose the reason should be a combination of the above. However, my intuition would expect weed gets cheaper over the years due to inflation and competition. So there is probably another reason: It might have to do with weed culture itself, which is highly ritualistic I think. The ritual (of consumption) probably doesn't change and the price doesn't change either.
Re: Why is a bag of weed always $10 (man)?
#10Yeah that was my first thought - supply has kept up with demand enough to offset inflation.
Tobacco, coffee, gold are better currencies alternatives to weed due to their stable legality. Weed's stable demand in relatively illegal times may change drastically if it becomes completely legal. But if that happens, it may be more stable a currency than tobacco since most people on it feel that it does no harm and therefore don't feel incentivized to quit.