5 ms·

What category did the $15B get reallocated from though? Was it a net positive or negative change?

by eppp 3y ago

rgbrenner 3y ago
Pretty sure people used cannabis before it was legal… so it was reallocated from the cartels and local drug dealers.
- Brendinooo 3y ago
  Legalizing something doesn't make it more popular?
  - deleted 3y ago
    [deleted]
  - HDThoreaun 3y ago
    Not necessarily. Cannabis was extremely easy to find and there are reasons that something being banned would make it more exciting and popular. It's also gotten more expensive in many of the legal states.
    - Taywee 3y ago
      Here in Colorado, I can get an ounce for under $50: https://cannabisdepotco.com/menu/pueblo?store_path=%2Fmenu%2Fmid-shelf-blue-phasma-70-oz-otd https://cannabisdepotco.com/menu/pueblo?store_path=%2Fmenu%2... That's what I used to pay for an eighth.
      - HDThoreaun 3y ago
        In Illinois an ounce costs a solid $300+ at the stores.
        Taywee 3y ago
        Might be taxed at a really high rate, or production might be low. Took Colorado a long time for the prices to really go down, and it still varies a ton from city to city.
  - becquerel 3y ago
    It can do. If weed was made legal here I would jump on it immediately; the only reason I don't currently is because it's too much of a hassle to find someone who sells it and I can trust. When I was in California with a friend they ordered some on an app and a guy pulled up in their parking lot twenty minutes later. That's legalisation bringing barriers to entry way down, which is a surefire way to increase popularity.
  - Taywee 3y ago
    More popular and significantly less expensive, usually.
- Mountain_Skies 3y ago
  Not sure if this is what the other poster was going for but increases in spending in one area often comes at the expense of another area. That can come in the form of the illegal drug industry losing revenue to the legal drug industry and the government getting a share, but it also can come in the form of other spending that would have taken place now not taking place as users of legalized drugs are spending their money on those products instead of spending on going out to eat as often, buying fewer video games, purchasing less alcohol, going on fewer trips, etc. Tax revenue from that spending that has been displaced into the legal drug industry should be subtracted out of the $15 billion if the point here is that legalization increased government revenue. Of course, that's going to be very difficult to calculate since those displacement activities are on the individual level.
lotsofpulp 3y ago
Given the widespread availability of cannabis prior to it being legally available for purchase, I would assume almost all of it is positive.
ericpauley 3y ago
Probably positive change in tax revenue, since cannibis is extremely tax-inefficient. (e.g., https://www.irs.gov/about-irs/providing-resources-to-help-cannabis-business-owners-successfully-navigate-unique-tax-responsibilities https://www.irs.gov/about-irs/providing-resources-to-help-ca...)
AndrewKemendo 3y ago
Totally anecdotal but I personally reallocated spending away from alcohol and nicotine after receiving my medical cannabis prescription and working with my therapists and doctors on monitoring. My life is so much healthier and better in every possible way and I directly attribute cannabis to being a major part of addressing severe trauma, PTSD, MDD, and anxiety (after 20 years of federal affiliation prevented it). Also, note that the recreational (and medical) market has enough options of tinctures, oils infusions etc... that it's trivial to avoid combustion smoking. I am unaware of any long term studies that show medical risks to consuming THC, CBN, CBD in a non-combustion way.
- OvidStavrica 3y ago
  https://www.health.harvard.edu/blog/cognitive-effects-of-long-term-cannabis-use-in-midlife-202206142760 https://www.health.harvard.edu/blog/cognitive-effects-of-lon... https://www.medscape.com/viewarticle/972160 https://www.medscape.com/viewarticle/972160 Hope this help.
  - AndrewKemendo 3y ago
    Helps what?

What category did the $15B get reallocated from though? Was it a net positive or negative change?

by eppp 3y ago

What category did the $15B get reallocated from though? Was it a net positive or negative change?

rgbrenner 3y ago

Pretty sure people used cannabis before it was legal… so it was reallocated from the cartels and local drug dealers.

Brendinooo 3y ago
Legalizing something doesn't make it more popular?
- deleted 3y ago
  [deleted]
- HDThoreaun 3y ago
  Not necessarily. Cannabis was extremely easy to find and there are reasons that something being banned would make it more exciting and popular. It's also gotten more expensive in many of the legal states.
  - Taywee 3y ago
    Here in Colorado, I can get an ounce for under $50: https://cannabisdepotco.com/menu/pueblo?store_path=%2Fmenu%2Fmid-shelf-blue-phasma-70-oz-otd https://cannabisdepotco.com/menu/pueblo?store_path=%2Fmenu%2... That's what I used to pay for an eighth.
    - HDThoreaun 3y ago
      In Illinois an ounce costs a solid $300+ at the stores.
      - Taywee 3y ago
        Might be taxed at a really high rate, or production might be low. Took Colorado a long time for the prices to really go down, and it still varies a ton from city to city.
- becquerel 3y ago
  It can do. If weed was made legal here I would jump on it immediately; the only reason I don't currently is because it's too much of a hassle to find someone who sells it and I can trust. When I was in California with a friend they ordered some on an app and a guy pulled up in their parking lot twenty minutes later. That's legalisation bringing barriers to entry way down, which is a surefire way to increase popularity.
- Taywee 3y ago
  More popular and significantly less expensive, usually.
Mountain_Skies 3y ago
Not sure if this is what the other poster was going for but increases in spending in one area often comes at the expense of another area. That can come in the form of the illegal drug industry losing revenue to the legal drug industry and the government getting a share, but it also can come in the form of other spending that would have taken place now not taking place as users of legalized drugs are spending their money on those products instead of spending on going out to eat as often, buying fewer video games, purchasing less alcohol, going on fewer trips, etc. Tax revenue from that spending that has been displaced into the legal drug industry should be subtracted out of the $15 billion if the point here is that legalization increased government revenue. Of course, that's going to be very difficult to calculate since those displacement activities are on the individual level.

lotsofpulp 3y ago

Given the widespread availability of cannabis prior to it being legally available for purchase, I would assume almost all of it is positive.

ericpauley 3y ago

Probably positive change in tax revenue, since cannibis is extremely tax-inefficient. (e.g., https://www.irs.gov/about-irs/providing-resources-to-help-cannabis-business-owners-successfully-navigate-unique-tax-responsibilities https://www.irs.gov/about-irs/providing-resources-to-help-ca...)

AndrewKemendo 3y ago

Totally anecdotal but I personally reallocated spending away from alcohol and nicotine after receiving my medical cannabis prescription and working with my therapists and doctors on monitoring. My life is so much healthier and better in every possible way and I directly attribute cannabis to being a major part of addressing severe trauma, PTSD, MDD, and anxiety (after 20 years of federal affiliation prevented it). Also, note that the recreational (and medical) market has enough options of tinctures, oils infusions etc... that it's trivial to avoid combustion smoking. I am unaware of any long term studies that show medical risks to consuming THC, CBN, CBD in a non-combustion way.

OvidStavrica 3y ago
https://www.health.harvard.edu/blog/cognitive-effects-of-long-term-cannabis-use-in-midlife-202206142760 https://www.health.harvard.edu/blog/cognitive-effects-of-lon... https://www.medscape.com/viewarticle/972160 https://www.medscape.com/viewarticle/972160 Hope this help.
- AndrewKemendo 3y ago
  Helps what?