>What the people retailing pot will find is that an easily-growable agricultural commodity is subject to perfect competition and prices will be driven down to a

>What the people retailing pot will find is that an easily-growable agricultural commodity is subject to perfect competition and prices will be driven down to a very low level. There will be something of a price floor set by virtue of cannabis potency. Already, black market cannabis when consumed efficiently is effective with dosages that cost around $1. Prices will fall, but not by 10-fold because people are willing to pay more to get high than they would for a single cigarette. A pack of cannabis cigarettes at a gas station is always going to cost more than a pack of tobacco cigarettes, because people expect to pay more for a product of sufficient strength.