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The "legal" amount here is $350 an ounce. That's not an example of the bottom dropping out of anything. Now over time is it possible that it will come down? Possibly so but it's going to have to come down a bunch to price the cartels out of the markets.
The Colorado law is a good step, but it's a half measure. It's not what's really needed.
It needs to be legal to the point that you can grow and buy as much as you want.
There should be no such thing as a legal amount any more so than there should be a legal amount of celery.
Legalize the damn stuff and stop forcing people to buy it while wearing handcuffs.
Then the price will drop precipitously, then stabilize.
That isn't going to happen because of it's new addictive qualities.
Marijuana is more potent today sure, but that is only because the plant was outlawed and growers were forced to grow indoors-which allows for more control and more potent bud. Not only did outlawing the plant not eradicate it, it made it more potent and widely available.
But more potent does not make it physically addictive-like heroin, alcohol, pills and cigarettes. Marijuana is still one of the safest substances known to man.
Marijuana is more potent sure, but that is only because the plant was outlawed and growers grew indoors-which allows for more control and more potent bud. Not only did outlawing the plant not eradicate it, it made it more potent and widely available.
But more potent does not make it physically addictive-like heroin, alcohol, pills and cigarettes.
The huge taxes make it addictive for the government.
The last time I priced pot it was going for $100 a pound!!!! Tells you how long it's been since I looked into it... Sell it for $1.00 a ton for all I care.
From what I understand, what's being sold legally in Colorado is not garden-variety weed.....it's designer strains aka "purple kush" type stuff.
That is why the prices are so high.
Once big agribusiness gets into it and it's a massed produced, "weedies cereal" type product then the prices will probably come down.
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