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.
Good thing yo're a cop and not an economist.
KK... thoughts on my post?
Black markets are nearly the opposite of a free market. The price would go down even if there was intense gov't regulation/price fixing, mostly because even if the ATF(&M) tried to regulate "free grows" the enforcement would almost inevitably carry nowhere near the current penalties, especially for non-commercial, self-consuming, horticulturists.