Pixel_Jockey: And why would the grower want to start paying taxes and dealing with regulators?
xanadian: About $12.50 a week? That's less than my booze habit. Maybe I should switch.
argylez: DoughyGuy: he career path I chose out here (machinist) kind of frowns upon drug use.Alcohol is a drug./just sayin
Gonz: 2chris2: My point is that, given the demand for marijuana, and the cost of producing it, if it were legal, it would sell for less than $10 per ounce. A decent sized farm could produce marijuana for a few dollars per ounce at most.You're confusing two totally different issues. OK, "confusing" is a harsh word. Let me phrase it differently:On the supply side, if marijuana was totally legal, it could be produced more cheaply. I don't have a hard number for that, but for the sake of simplicity, let's go with your $10 an ounce. That number doesn't really matter, so no need to split hairs on the point.The other side of the chart os demand. Someone earlier in the thread mentioned $300 an ounce. Let's assume- again, for the sake of simplicity- that that's the current market price. Again, the actual number itself doesn't matter as much as the concept.Now, you and I are both farmers. We both grow legal weed. It costs us $10 an ounce to produce our weed, and the current market price is $300 an ounce. We're competing for a finite amount of pothead dollars, and we both have the overall goal of maximizing profits. We've got some secondary goals as well, like avoiding maintaining too large an inventory and taking into account the consumer's preference for "Farm-Fresh dope".When you start to sell your weed, what price will you try to set? $10, and you break even. $300, and the market's current demand nets you $290 profit an ounce. However, price it too high, and I'll undercut you. Price it too low, and you're leaving revenue on the table. We'd probably end up somewhere in the middle, in the range of about $160/ oz. The consumer would be happy- they're "saving" $140 an ounce. We'd be happy- we're making our nice profit of $150/ oz (which gets cut when you start considering our other expenses... but that's a whole new level of complexity). It would balance out.
Resident Muslim: /great, now we'll get stoned hipsters
illegal.tender: xanadian: About $12.50 a week? That's less than my booze habit. Maybe I should switch.I spend three times that PER BOTTLE.https://www.beerworldstore.com/index.php?page=shop.product_details&f ly page=flypage.tpl&product_id=978&category_id=53&vmcchk=1&option=com_vir tuemart&Itemid=29I also tend to not be able to see straight.
Pixel_Jockey: What I don't get is if I'm paying $300 an ounce from the down the street, why would I want to pay more for that same ounce because of taxes. I understand it could be fun to occasionally go to the pot store to try new things, but will legalizing really drive away the black market? And why would the grower want to start paying taxes and dealing with regulators?
GORDON: We talking medicinal? Obamacare should cover that then we can collectively keep the stoners in weed. USA USA!
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