should legalize marijuana then tax it.
Then no need to tax other things
Be careful what you wish for. That $25 1/4 bag would then cost $50.
First off... I'm pretty sure that $50 for a 1/4 bag of weed is a fracking deal. And second... I've heard mixed reports on this. I've heard that if pot were legalized then prices could drop for one reason or another.
$50 for a 1/4 oz? Damn. You guys are getting screwed. Btw, if pot were legalized, the law of supply and demand would kick in. If legal, more people would use, therefore, more demand/less supply/higher prices. And the gov sure isn't going to let any income source go untaxed.
I'll admit that I don't know much about it, but it doesn't seem unreasonable to me that the price wouldn't sky rocket.
Excluding a ton of government intervention/regulation, I agree with AZCat, the supply would go way up. Just look at how many dispensaries have popped up in California. Weed would be so much easier to grow because people wouldn't be forced to hide their grow operations in their basements and a lot of new suppliers would come into the market.
Also, I don't necessarily think that the demand would go up as much as you might think. I think it is similar to underage drinking. How many people in college actually wait until they are 21 to start drinking? I think it's the same thing with weed. People are going to use it regardless of the legality of it. Sure, more people will try it, but it's so accessible as is (even more accessible to high school students than alcohol), that I don't think a lot more people would turn into regular users. That is assuming that doctors don't all of a sudden start prescribing it to their patients for everything.
Depending on who the government lets grow and distribute marijuana and how much of a tax they put on it, it doesn't seem unlikely that the price would change or even go down. I mean, how much harder/more expensive is growing tobacco than weed?
Again, I really don't know much about the subject and I would think that you would know more because of your profession, but this seems fairly logical to me...
