Friday, May 06, 2016

Cheaper for youngsters

So, something interesting happens to weed after it’s legal - The Washington Post

In case you don't want to click - it becomes cheaper.

As the article says:
Falling pot prices create winners and losers. Because state taxes are
based on a percentage of the sales price, declining prices mean each
sale puts less money in the public purse. On the other hand,
bargain-basement prices undercut the black market, bringing the public
reduced law enforcement costs, both in terms of tax dollars spent on
jail and the damage done to individuals who are arrested.

For consumers who enjoy pot occasionally while suffering no adverse effects
from it, low prices will be a welcome but minor benefit; precisely
because they consume modest amounts, the price declines are only a
modest win. On the downside, young people tend to be price-sensitive
consumers, and their use of inexpensive pot may rise over time, as might
that of problematic marijuana users.
Of course, I choose to emphasise the downside...

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