Legalization could slash the price of pot 80%

[cologrower420]

Researchers associated with the Rand Corp.'s Drug Policy Research Center said Wednesday that not much is certain about the potential impact of Proposition 19 except that the price of California's choicest weed could plunge more than 80%, down from $300 to $450 per ounce to about $38.

"That's a significant drop," said Beau Kilmer, co-director of the center. "We're very clear about the fact that the price will go down."


Legalization could slash the price of pot 80% - latimes.com

Later on in the same story:
The implications of such a drop would be profound. Kilmer and four other researchers who analyzed marijuana legalization said consumption would rise, but they could not determine with any certainty by how much. "We cannot rule out increases of 50% to 100% or perhaps higher, but we just don't know," he said.