What a great diversity of viewpoints just in this thread. So many perspectives...
Regarding the 'scaring people away from Colorado' thing- if you're scared because of a few posts on this site, man, you better stay home! It's kind of like Hollywood that way; you HAVE to want it. BAD. Like in the marrow of your bones, can't see yourself doing anything else kind of bad. Anything less than a total commitment and you'll fail.
And yet, that's how it is in a lot of businesses- legal or not, glamorous or not. If you get in with the attitude of growing a better product and selling it at a competitive price, and you're willing to put in the time and effort it takes to do that- YEARS, don't let the hydrostore boys fool you- then you've got the basic approach necessary to succeed. That's the same in so many industries out there- especially service oriented gigs like business consulting.
If you're careful with your expenses, don't blow all your spare change on partying, pizza, girls and gear, you can ake a good living growing. If you work hard at building a great production process, large or small, you can end up comfortable. IF you're lucky. The hard part isn't growing, it's finding people willing to kick down cash in a state literally drowning in weed.
$200 an ounce?! Shit, people I know are happy to get $160 for dank right now, and the price is showing no signs of a rebound. If you want to make real money and you want to use realistic calculations, then work your numbers around $100-$120 a zip and $1200 elbows, because in a few years, that's what the price will be. Get efficient or get a job...
What that means is that if you're getting less than 1gpw then you're leaving money on the table. If your setup isn't sealed, CO2 augmented, fully automated for basics like water, nutes and light, then you're well behind the curve.