Quote Originally Posted by SoCoMMJ
Supply vs Demand, you just can't influence it from the outside. It is what it is.

If the prices settle at $100 or even $50 an oz, then that's what it is worth. If you can't grow a little bush for a couple months and then sell it for $250 - $500 then something is wrong.

We just need to get this crapload of regulatory expense out of the game.
oooo... econ talk!

The problem is that we are not in a perfect market. Only in a few states we see a partial relaxation of the laws, but yet it is still a essentially a black market item. Even in those states, only a few have cards, the rest have to rely on the black market to get their recreational relief.

An equilibrium price will never be reached in such a situation. Sellers will continue to want to charge more for their products and when the demand supports it, they will raise prices. This is called supply side economics, and it is how markets work. Suppliers set the prices, consumers determine demand.

If everyone growing was only doing so to supply patients, and they had no contact with the black market... yes, it would be time to start looking for a universal price. However, as long as there is a guy down the street willing to pay $3000 for a LB... there will always be a strong upward pressure on the equilibrium price. Government controls and prohibition always increase prices and create a shortage in the market, and this provides an increasing upward price pressure. Want the prices to come down? Get rid of the prohibition and get the government out of the equation. Legalize.

Emmie the economist
emilya Reviewed by emilya on . Think about what you are doing to yourself Look, I may come off as a jerk on this one. But all of you MMCs need to think about exactly what you are doing to yourselves when it comes to pricing. If one guy sells ounces for $280.00 then the next guy will sell it for $270, then 250 and so on until it is $100.00 or less.. You might say "great for patients" I would argue NO. What you are broaching on is crashing your own market. There is a cost to doing business, there is a value for the experience. If the market ceases to be viable, than Rating: 5