LAPD reports 250%-265% retail markup at Los Angeles dispensaries

By "Radical" Russ Belville: NORML Outreach Coordinator on January 28, 2010 | (LA Weekly) Despite the protestations of numerous medical weed store owners, who regularly gripe that they're just making ends meet, Los Angeles Police Department found a detailed list of the hefty profits made on different marijuana strains sold at three pot shops owned by the same man, Richard Khoury. Over 50 Los Angeles Police Department narcotics detectives and officers served search warrants today on Alternative Care Collective, 420 Discount Collective and Encino Discount Collective in the San Fernando Valley after neighbors complained about people selling pot to teenagers outside the locations.

Khoury, a 30-year-old former construction worker, bought a gram of Obama Kush for $10.71 from a pot vendor, then sold it to his patients for $37.50. That's a whopping profit of $26.79! Another strain, OG Skywalker, cost Khoury $10.49, and he sold it for $37.77 - a more than respectable return of $27.28.   Read more ... <<<

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