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Plummeting Pot Prices Produces Panic
Excerpt:
For decades, illegal marijuana cultivation has
been an economic lifeblood in northern California.
The war on drugs and frequent raids by federal
drug agents have helped support the local economy
— keeping prices for street sales of pot high
and keeping profits rich.
But high times are changing. Legal pot, under
the guise of the California's medical marijuana laws, has spurred
a rush of new competition. As a result,
the wholesale price of pot grown in these areas is plunging.
"Outdoor growers are having a hard time unloading
their fall harvest," says some dude.
"And when some people do move it, they don't
get nearly the price they were hoping for."
I predicted this would happen.
If an ounce goes for $300, what's to stop another
grower from saying, "I'll sell mine for
$275."
Then the first grower moves to $250 and eventually
the price reaches a certain level, like a stock, and stops falling.
We need to legalize it so a standard price and
quality can be established.
WalMart can sell a pack of 20 joints for $10
and $5 goes towards paying off Bush's debt.
If you want to grow your own, that's OK, too.
Wouldn't it be something if Bush's economy-killing greed brought us
legal dope?