Jul 8 - Legalization could slash the price of pot by 80%

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 8 years ago '04        #1
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CentsCuZ 19 heat pts19
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$11,061 | Props total: 924 924
Jul 8 - Legalization could slash the price of pot by 80%
 

 
Legalization could slash the price of pot 80%

Cost could drop to $38 per ounce if Proposition 19 passes, Rand Corp. researchers say. The tax implications and probable rise in consumption are impossible to predict, study finds.

California's cash crop could become dirt cheap if the state legalizes marijuana.

Researchers a.ssociated 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."

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.

Such a low price could also affect pot prices across the nation, encourage marijuana tourism in the state, increase the amount of pot shipped out of state, disrupt the smuggling of marijuana from Mexico and stimulate an underground market designed to avoid high taxes that might be imposed.

Rand, the Santa Monica-based nonpartisan research institute, had five prominent drug policy experts spend about six months examining what might happen to marijuana use and tax revenues if Californians approve the measure on the November ballot or the Legislature passes a bill introduced by a.ssemblyman Tom Ammiano (D- San Francisco) that would legalize pot and impose a $50-per-ounce tax.

The report called "Altered State?" is the most scholarly examination of the issue so far. It is likely to be scrutinized and cited by both sides in the debate.

"The uncertainty and the potential chaotic nature of what could happen here just totally derails this initiative," said Roger Salazar, the spokesman for Public Safety First, one of four opposition committees that plan to f!ght the initiative. "Outside of the prices going down there is nothing else that is certain here and certainly not worth having the state of California become the first entity in the world to completely legalize production and sales of marijuana."

Stephen Gutwillig, the California director of the Drug Policy Alliance, said: "The current system is loaded with the certainty of mass arrest, racist enforcement and boondoggle law enforcement expenses to the tune of hundreds of millions of dollars," he said.

The report noted that it was impossible to predict tax revenues from the initiative, which leaves that decision to cities and counties, but concluded that revenues from a statewide $50-per-ounce tax could range from $650 million to $1.49 billion.

To calculate the price drop, researchers looked at the cost of growing marijuana in a 1,500-square-foot house. The researchers concluded that the wages paid to employees who tend the crop would slip from as much as $25 per hour to no more than $10, just a little above what nursery laborers earn.

The report is likely to make it even harder for legalization advocates to persuade the state's growers and suppliers, particularly in the Emerald Triangle, to support the initiative. The triangle area includes Humboldt, Mendocino and Trinity counties.

Dale Gieringer, director of the state chapter of the National Organization for the Reform of Marijuana Laws, who has also looked at the issue, said the calculated price drop sounded reasonable, but he said it would not occur overnight. "It will descend slowly, is the likely scenario," he said. "If you took it out of the statute book and dealt with it like parsley, yes, it would plummet."

He acknowledged that consumption would probably increase if Proposition 19 passes, but said it is half the level it was in the late 1970s. "Fads come and go, drugs come in and out of fashion," he said. "I think we're in for a short-term increase in marijuana consumption regardless of whether the initiative passes."

Researchers also looked at estimates of the cost of enforcing marijuana laws in California, which range from $200 million to $1.9 billion, and put it at "probably less than $300 million." They also concluded that it is not possible to determine whether increased use would lead to more drugged driving accidents and to more use of harder drugs, such as cocaine, finding that the research is inconclusive.


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


Last edited by CentsCuZ; 07-08-2010 at 12:10 AM..

104 comments for "Jul 8 - Legalization could slash the price of pot by 80%"

 8 years ago '05        #2
EastBroadway 35 heat pts35
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$4,508 | Props total: 14 14
Sh!!!!!!!!!!!!!!!!!!!!!!!!t.
 07-08-2010, 12:32 AM         #3
Shang Tsung 
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chuch. preach. tabernacle. ughhhhhhh.
 8 years ago '07        #4
JohnDoe 216 heat pts216
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$12,529 | Props total: 6149 6149
$300 to $450 down to $38......imma be stoned all day.....
 8 years ago '04        #5
DERRTY CHYBO 12 heat pts12
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$11,790 | Props total: 1000 1000
:celebrate0:
 07-08-2010, 12:58 AM         #6
.aviator.man. 
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this is heartbreakin for the dealers...
 8 years ago '04        #7
DERRTY CHYBO 12 heat pts12
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 .aviator.man. said:
this is heartbreakin for the dealers...

Word. But f**k em, prices got jacked up in the first place because of greed/risk of their job.
 07-08-2010, 01:01 AM         #8
g.o.a.t91 
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Time to move to Cali
 8 years ago '08        #9
Dunknown24 34 heat pts34
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$16,048 | Props total: 754 754
 Suka Repellent said:
$300 to $450 down to $38......imma be stoned all day.....
Imma be lit forever n*gga.
 8 years ago '10        #10
Big Louie Guwop 133 heat pts133
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$13,040 | Props total: 12207 12207
thanks god i always knew u were real. i never doubted it
 8 years ago '05        #11
OG T Gutta N 10 heat pts10
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$6,932 | Props total: 2653 2653
I'm gettin 220 oz of dark, @ 38 an oz, i'm parkin at the top of the hill with 10 p's and gonna try to OD.
 8 years ago '05        #12
Martel 21 heat pts21
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$15,077 | Props total: 3219 3219
oz for $38 oh my goodnessss!
 07-08-2010, 01:19 AM         #13
The_Future_09 
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hallelujah atheists can eat a d*ck. Time to spark up
 8 years ago '05        #14
knowTHEledge 30 heat pts30
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$3,284 | Props total: 4233 4233
This will destroy my life. I cant wait.
 8 years ago '04        #15
ruff 6 heat pts
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$26,908 | Props total: 3392 3392
 DERRTY CHYBO said:
:celebrate0: :celebrate0: :celebrate0: :celebrate0: :celebrate0: :celebrate0: :celebrate0: :celebrate0: :celebrate0:
You were missing some extra ones
 8 years ago '04        #16
DERRTY CHYBO 12 heat pts12
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$11,790 | Props total: 1000 1000
 ruff said:
You were missing some extra ones

good lookin out
 8 years ago '04        #17
thisisgame 
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$1,375 | Props total: 41 41
this is cheaper than what reggie goes for.........lets make this happen captain1!!!!!!
 07-08-2010, 01:40 AM         #18
mikefernandes 
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:dancingcool::dancingcool::applause::s mokin::whoa2:
 07-08-2010, 01:41 AM         #19
domo360206 
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dealers are going to move to harder drugs to make money.
 8 years ago '05        #20
Dope Man 730 3 heat pts
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$874 | Props total: 395 395
thats whats up keep that in cali, bring that s**t back to CT and make a k!lling cats are sellin .8s for $20 out here of that cali s**t
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