Monday, November 1, 2010

3039...Pot Prices To Collapse

If The Golden State of California passes Prop Whatever, I think it is Proposistion 19, legalizing
marijuana in that 36 000 000 person market expect the
domestic markets for smoke to be flooded.

Becuz, economically speaking, dope is a pure market (in Adam Smith terms) the increased supply along with a constant and flat demand curve will cause a depression in price.

Vic Toews and the rest of the Stephen Harpers, prohibitionists all, must be on the edge of their seats.

WFDS

1 comment:

  1. Perhaps you are right, but don't forget that the reason California wants to legalize pot is so it can earn some much-needed revenue for its state coffers. I have not read how much of a tax they are considering placing on it if the proposition is approved.

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