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Legal Weed´s Strange
Economics in Colorado

Bloomberg Businessweek, by Brian Bremner and Vincent Del Giudice

Original Article

Posted By:NorthernDog, 1/10/2014 5:54:30 PM

This is a blazing moment for American stoners. Colorado has just legalized the commercial production, sale, and recreational use of marijuana, while Washington State will begin its own pot liberalization initiative at the end of February. On Jan. 8, New York Governor Andrew Cuomo said his state would join 20 others and the District of Columbia in allowing the drug for medical purposes. Libertarians and progressives are thrilled. Addiction specialists are anxious. And economists, well, they’re a little like undergrads lost in a bong-induced thought experiment: One moment the economics of pot seem beautifully elegant, then the real-world implications suddenly

Comments:
Sales on the black market may actually thrive, as users eventually rebel against all the taxes and inflated costs.

      


Post Reply  

Reply 1 - Posted by: Nevadadad46, 1/10/2014 6:02:18 PM     (No. 9687411)

The entire drug war thingy is a disaster. I am really surprised some joker, probably of Colombian descent, has not run for Senate or House on a "Free Drugs For All" ticket.

Making weed legal is really now the only thing left to do with the hard drugs (except possibly meth) to follow as quickly as possible. It amazed me to read that California´s second most productive cash crop is now Marijuana- even beating out grapes!

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Reply 2 - Posted by: MissMoneypenny, 1/10/2014 6:04:33 PM     (No. 9687413)

Because the thought bothers me...does anyone here have an answer...how does one avoid second-hand pot smoke???

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: rarebear, 1/10/2014 6:36:47 PM     (No. 9687442)

To legalize it means to regulate it. Regulations will help sustain a black market. Round and round it goes.

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Reply 4 - Posted by: tomanderson61, 1/10/2014 6:45:37 PM     (No. 9687446)

Part of me subscribes to the idea that keeping drugs illegal and enforcing the law is like weeding your lawn. You never get rid of all the weeds, but you control it.

The other side of me says legalize everything, because then all the useless drug users can kill themselves earlier. Can you imagine the delightful world without this useless trash?

I love the picture of the goofs in the pot bar. Get a gander at that "female"; her receding hairline is worse than my dad´s! What a group of upstanding citizens.

I especially like this gem:

"The production, sale, and use of marijuana has been illegal at the federal level since 1937. The U.S. Department of Justice recently announced that it would not challenge state legalization laws."

So, the DOJ is not interested in enforcing federal laws like drug distribution, or enforcing the illegal immigration laws, but call someone a racial slur and they are SO ready to get involved. Or of course, deny your non-profit stat if you are a conservative group.

Do I have that about right?

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Reply 5 - Posted by: tomanderson61, 1/10/2014 6:49:19 PM     (No. 9687451)

#1, the guestimation on pot is based on cash value transactions, and it is just a guess. More BS from the NORML site. Note even on their figures, grapes are like 6 times the production. It´s just due to the cost of the drug.

There are no solid statistics on Pot production.

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Reply 6 - Posted by: JAN, 1/10/2014 6:57:54 PM     (No. 9687464)

And now CO is debating whether to allow EBT cards to be used to buy pot.



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Reply 7 - Posted by: zephyrgirl, 1/10/2014 7:13:13 PM     (No. 9687485)

CO had a hefty tax measure in the ballot to tax pot sales. Everyone I know voted in favor of it on the theory that legal pot would be so expensive it would get priced out of the market. It passed.

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Reply 8 - Posted by: doublesharp, 1/10/2014 8:22:22 PM     (No. 9687533)

#2, Captain Obvious here. If you are concerned about second hand pot smoke, don´t hang around potheads. You´re welcome.

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Reply 9 - Posted by: nonsense, 1/10/2014 8:37:46 PM     (No. 9687542)

If only the pot smoking Leftists would "chill" and become less hateful while under the influence.

I lived through the hippie dippie 60s and knew pot smokers and it only enhanced their craziness. Wonder how this new round of smoking will effect the current pot smokers.

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Reply 10 - Posted by: abiner, 1/10/2014 8:55:17 PM     (No. 9687555)

I´ve always wondered why smoking weed is a totally religious experience, while smoking tobacco is disgusting, vile, and evil.

Not that I think its a particularly good idea to inhale anything on fire, but has anyone actually analyzed pot smoke to see exactly what the stoners are inhaling?

Just curious.

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Reply 11 - Posted by: MissMoneypenny, 1/11/2014 3:40:20 AM     (No. 9687703)

#8 - ha ha...well, for one thing you don´t have to hang around them...they´ll be hanging around us...everywhere. Pot smoke drifting where tobacco smoke drifts now...inside and outside anywhere.

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Reply 12 - Posted by: MissMoneypenny, 1/11/2014 3:47:19 AM     (No. 9687704)

Many moons ago when pot was still a no-no we sent for a Boston University study on the effects of cannabis on the brain...it was alarming, to say the least. If you want to know how bad these effects can be, just observe the antics of the teleprompter-in-chief.

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