Legalization could slash the price of pot 80%

[rightwinger]

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.

LOL--there is a cost associated with growing indoor marijuana. And it's very expensive. California right now is paying approx. 32 cents per kilowatt hour for electricity--more than twice as much as other states.

So then we have to assume this person is talking about out-door grows--that only come in ONCE a year--that's it.

If marijuana is legalized in California this November--the "demand" for marijuana will sky-rocket. And basic economic's 101 tells us that when demand is high for a product--and there is not enough around to supply that demand--what product is around will go through the roof in price.

The ONLY time the price drops--is when there is too much inventory--or supply--and not enough demand. I don't see that happening in the near future.

Simple economics 101.

rightwinger Reviewed by rightwinger on 07-08-2010. Legalization could slash the price of pot 80% 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 Rating: 5