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OTOH once marijuana is legal it is just another crop and I would expect to price to drop to near zero. Combined with the fact that you hardly need kilograms of
by random_upvoter 10y ago
OTOH once marijuana is legal it is just another crop and I would expect to price to drop to near zero. Combined with the fact that you hardly need kilograms of it, I wouldn't get too excited about future tax revenue.
- aianus 10y agoI would argue otherwise. Alcohol (especially wine) is very easy and cheap to make at home but the Liquor Control Board of Ontario still managed to pull in $1.8 billion last year taxing it.
- pliftkl 10y agoI don't think it's the home brewing equivalent that is the risk. It's more about the relative profits of corn vs marijuana in the midwest. If we were to fully legalize, I would expect that marijuana would have to get at least as cheap as alternative crops.
- TheBeardKing 10y agoDon't ignore the cost of all the regulations marijuana has in addition to regular crops - for growers, transporters, and sellers.
- Grishnakh 10y agoI wouldn't. MJ in a lot of places has gotten like "craft beer": there's an endless number of varieties and strains, growers put a lot of effort into creating new strains and growing them as optimally as possible (like using hydroponics), different varieties are claimed to have different effects, etc. You don't need kilograms of it, but there is every indication that a lot of it will be very valuable, just like many fine wines are very, very expensive per bottle and many fine imported cheeses are extremely expensive.