Does anyone live in Colorado?
Yes, the population of the state of Colorado is in excess of 5.2 million.
http://quickfacts.census.gov/qfd/states/08000.html Washington State recently (well a bit over a year ago now) passed a law permitting the growth possession and sale of Marijuana, and has promulgated rules for its implementation. Total statewide area for legal production of MJ will be limited to two million square feet, which is less than 46 acres. That is a lot for a backyard grow, but hardly enough to put massive downward pressure on the price. Unlicensed growing is illegal, self use by the licensed grower would likely run afoul of the requirement that MJ be purchased from a licensed retail store (different license). So this is far from a grow it yourself law, and there is already discussion about limiting untaxed cooperative gardens for medical marijuana which are currently permitted. The taxes and license fees are high, there will be a limit of 360 retail stores in the state, involved persons are required to carry liability insurance (does the Gekko sell MJ policies?), and anyone involved in even renting property for growing, transport, storage or sale is still subject to forfeiture of that property by the Federal Government, as well as criminal penalties. etc. So risk is not low and cheap is not likely. Undoubtedly there will be far more illegal MJ being produced in and being smuggled into the state than legal production here. At least the Liquor Control Board will be getting a shot at some of the Cartels' profits, and smokers will have a defense that the stuff in their pipe is the legitimate variety when overzealous police arrest them.