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I wonder if it would be legal to create a futures market in weed prices. This would allow producers to hedge. They would just settle by looking at average price
by byrneseyeview 16y ago
I wonder if it would be legal to create a futures market in weed prices. This would allow producers to hedge. They would just settle by looking at average prices (per some agreed-upon source) rather than physical delivery.
Futures markets in heroin and cocaine could be used to predict political instability in Afghanistan and Colombia, respectively.
- cperciva 16y agoThe US government created a futures market in political assassinations a few years ago, so I can't imagine they'd have a problem with a futures market in drug prices.
- byrneseyeview 16y agoThis market was very controversial, and eventually got shut down: http://en.wikipedia.org/wiki/Policy_Analysis_Market http://en.wikipedia.org/wiki/Policy_Analysis_Market So unfortunately it might be a little complex as a government project. But surely there's at least one wealth stoner who might want such a market to exist. Maybe James Cayne wants something new to trade.