Spokane Co. pot producer expects one ounce to cost $700




Posted on June 27, 2014 at 8:20 PM

Updated Monday, Jul 7 at 10:52 AM

SPOKANE COUNTY, Wash.--A pot producer’s crop in North Spokane County was on track on Friday to become some of the first marijuana produced and sold in Washington State for recreational use.

Frank Schade owns the Green Surfer and said he would be ready to serve retail stores opening on July 8, 2014.

"Just about anybody that wants to buy a little is probably going to be able to,” said Schade.

Schade said marijuana would be expensive for the first few months in Washington State. He said it would cost around $25 per gram or $700 for an ounce. The legal limit a person can buy at a time is one ounce.

"The price for the novelty is going to be steep,” said Schade.

The marijuana starts as a seed in a nursery at the Green Surfer. It then grows to the right size and finally is cut and dried to send off to processors.

"Plants in this part of the marijuana farm need to be under the light at all times. As you can see here, they use a variety of lights to create an effect like they're under the sun,” said Schade.

Schade said he expected the supply would run out after it first went on sale and that there would a pot shortage for about one month. He said he thought the initial excitement about buying marijuana would be too much demand.

"I think there's going to be a quick run for all of the available product,” said Schade.

Schade expected to produce 20 to 30 pounds of marijuana each month. He said in time he expected the market to adjust so that there would be a steady supply of pot for anyone that wanted it.