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(Mercury News)   NYC comptroller suddenly realizes legalizing pot could provide $400 million in tax revenue for the city   (mercurynews.com) divider line 39
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1129 clicks; posted to Politics » on 14 Aug 2013 at 6:52 AM (49 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-08-14 06:24:38 AM
Now if the state gets the idea I'll be in business.

//gonna be a farmer
 
2013-08-14 06:40:34 AM
His figure assumes the open market price of pot would be identical to the black market price.  Unless the city/state/whatever is planning to codify ripping people off, that's not going to happen.  Still a lot of money to be made there, but not $400M.
 
2013-08-14 06:44:43 AM
...but of course there are also a lot of people out there who don't consume pot solely because it's illegal, so perhaps they'd balance things out.
 
2013-08-14 06:56:43 AM
2.bp.blogspot.com
 
2013-08-14 07:03:02 AM
But keeping it illegal funnels hundreds of millions into the security and prison systems.

/Its about who gets paid, not where the money comes from.
 
2013-08-14 07:10:26 AM

Radak: His figure assumes the open market price of pot would be identical to the black market price.  Unless the city/state/whatever is planning to codify ripping people off, that's not going to happen.  Still a lot of money to be made there, but not $400M.


If there is a drop in price, it won't be much


way south: But keeping it illegal funnels hundreds of millions into the security and prison systems.

/Its about who gets paid, not where the money comes from.


U.S Custom Coast Guard Dope Dog

Yes, the for-profit prison system won't stand for it.
Of course the cuts to government spending would be massive too.
 
2013-08-14 07:12:26 AM
 
2013-08-14 07:23:28 AM
If I lived in New York, I'd want to be on drugs too.

/Comptroller? This has Pam from HR's fingerprints all over it.
 
2013-08-14 07:35:21 AM
What would all the cops do if they couldn't bash in some minority's head over a joint? Pot is already defacto legal for rich white people, which is all that matters in the City
 
2013-08-14 07:59:17 AM

Lost Thought 00: What would all the cops do if they couldn't bash in some minority's head over a joint? Pot is already defacto legal for rich white people, which is all that matters in the City


Even the rich white people don't pay taxes on that pot.  What matters to rich white people and what matters to state politicians who are facing a budget crunch are two different things.

Also, the prison systems are another thing that the state has to pay for, so there's more money saved from legalization.  It also means a uphill battle to get it legalized.

Frankly, all of this state legalization is moot because no state could even collect taxes on something that is banned at the federal level.  Congress needs to pass something, because the current situation isn't completely legal, even for the states that have "decriminalized" it.  If Congress doesn't have the balls to fully legalize it, at least they could pass something that declared that the states can supercede federal law in this case.
 
2013-08-14 08:09:53 AM
That derped up gun thread a few links down taught me that if we legalize weed, we might as well hand over the White House to the Zetas.
 
2013-08-14 08:30:53 AM

way south: But keeping it illegal funnels hundreds of millions into the security and prison systems.

/Its about who gets paid, not where the money comes from.


Even Republicans are starting to complain about the cost of the prison system.  It's going to be legal on the federal level in no less than a decade.
 
2013-08-14 08:34:50 AM

Uranus Is Huge!: That derped up gun thread a few links down taught me that if we legalize weed, we might as well hand over the White House to the Zetas.


Well, it's not as if we can grow better in our own homes and back yards than they can in a country that still has open sewers and sells food on streets full of donkey crap.
 
2013-08-14 08:39:00 AM
It amazes me that greed doesn't trump prudishness more often.
 
2013-08-14 08:56:10 AM

Cinaed: It amazes me that greed doesn't trump prudishness more often.




"Beware of people who say they know what God wants, because it always coincides with their personal desires." -Forgot who said that...

The problem is prudishness is often a cover for greed. There are alot of people making more money from the war than they would from a legal drug industry. Its only the fact that the source of that money, government coffers, is quickly running dry that has attitudes changing.

Libertarian leaning Republicans still don't like legalized drug use, but they'll concede that the drug war has proven to be a failed method for cleaning up the nations act.
I believe that's a message that will spread through the party eventually.

Treatment of addiction is cheaper and more effective than prohibition.
 
2013-08-14 09:10:48 AM
legal weed and nyc, now you've got a tourist destination!
 
2013-08-14 09:11:17 AM

cretinbob: If there is a drop in price, it won't be much


Why do you say that?  It was a lot cheaper in Amsterdam where its legal compared with where I lived in Hamburg, 4.5 hours away, where it was technically illegal.
 
2013-08-14 09:18:35 AM

lilplatinum: cretinbob: If there is a drop in price, it won't be much

Why do you say that?  It was a lot cheaper in Amsterdam where its legal compared with where I lived in Hamburg, 4.5 hours away, where it was technically illegal.


If you take a 30 minute train ride to Rotterdam the price drops even more. Amsterdam has drug tourism prices.
 
2013-08-14 09:30:20 AM
Give this man a medal!

images2.wikia.nocookie.net
 
2013-08-14 09:32:19 AM
If you are spending 2,000 a year on pot you have a drug problem!
 
2013-08-14 09:39:15 AM

cretinbob: Now if the state gets the idea I'll be in business.

//gonna be a farmer


I wondered why MJNA stock jumped 30% the other day
 
2013-08-14 09:45:38 AM

Graystone2000: If you are spending 2,000 a year on pot you have a drug problem!


That's $165 a month, or about a quarter every 2 weeks, so.....yeah, actually, I'd agree with you.
 
2013-08-14 09:57:17 AM

Graystone2000: If you are spending 2,000 a year on pot wine you have an drug alcohol problem!


Seems arbitrary now, doesn't it.

/has a "pot problem"
 
2013-08-14 10:11:43 AM
Better spent on farmville?
 
2013-08-14 10:12:32 AM

Cinaed: It amazes me that greed doesn't trump prudishness more often.


It does (VHS was primarily made popular due to selling porn on it). People have found ways to capitalize off of prudishness and that becomes a good money making industry.
 
2013-08-14 10:13:34 AM
www.lolriot.com
 
2013-08-14 10:15:08 AM

Graystone2000: If you are spending 2,000 a year on pot you have a drug problem!


Some people easily pay that in other forms of recreation. Think about the cost of movies, subscriptions to cable/satellite, amusement parks, vacations, and hobbies.

2k a year for a mental vacation is pretty reasonable.
 
2013-08-14 10:16:43 AM

un4gvn666: Graystone2000: If you are spending 2,000 a year on pot you have a drug problem!

That's $165 a month, or about a quarter every 2 weeks, so.....yeah, actually, I'd agree with you.


Bontesla: Graystone2000: If you are spending 2,000 a year on pot you have a drug problem!

Some people easily pay that in other forms of recreation. Think about the cost of movies, subscriptions to cable/satellite, amusement parks, vacations, and hobbies.

2k a year for a mental vacation is pretty reasonable.


Well, shiat, when you put it that way...

/may need to re-up today
 
2013-08-14 10:17:53 AM

Radak: His figure assumes the open market price of pot would be identical to the black market price.  Unless the city/state/whatever is planning to codify ripping people off, that's not going to happen.  Still a lot of money to be made there, but not $400M.


Any significant drop in price would be offset by an expanded market.
 
2013-08-14 10:27:23 AM

rabidarmadillo24: lilplatinum: cretinbob: If there is a drop in price, it won't be much

Why do you say that?  It was a lot cheaper in Amsterdam where its legal compared with where I lived in Hamburg, 4.5 hours away, where it was technically illegal.

If you take a 30 minute train ride to Rotterdam the price drops even more. Amsterdam has drug tourism prices.


It'll probably be similar to chocolate in terms of pricing. You could spend a buck for a nice mellow moment but if you want to taste purple then it'll cost you. The price will drop for ditch weed but increase for the finer varieties.
 
2013-08-14 10:28:44 AM

Iceberg659: Radak: His figure assumes the open market price of pot would be identical to the black market price.  Unless the city/state/whatever is planning to codify ripping people off, that's not going to happen.  Still a lot of money to be made there, but not $400M.

Any significant drop in price would be offset by an expanded market.


This, too.
Both consumption and variety will be increased.
 
2013-08-14 10:53:49 AM
Shut up, and take my money!!

/filthy quitter
//legalize it, and maybe we'll talk
 
2013-08-14 11:22:25 AM

BarrRepublican: If I lived in New York, I'd want to be on drugs too.

/Comptroller? This has Pam from HR's fingerprints all over it.


Yeah, who the fark wants to live with all that culture, diversity, job opportunities, entertainment, and world class food. No thanks!
 
2013-08-14 02:25:14 PM

Graystone2000: If you are spending 2,000 a year on pot you have a drug problem!


Really says who? If your post is less than twenty words long you do not now how to start a discussion.
 
2013-08-14 02:26:23 PM
Ole nanny Bloomberg will not have it, he must protect the poor New Yorkers from harm.
 
2013-08-14 04:47:21 PM

Radak: His figure assumes the open market price of pot would be identical to the black market price.  Unless the city/state/whatever is planning to codify ripping people off, that's not going to happen.  Still a lot of money to be made there, but not $400M.


Tourism could make up the difference.  I agree, in order for sales in the open market to occur, they must be lower than the black market, but I can imagine a lot of out-of-towners considering NYC over other destinations for that fact alone.  Those customers would not regularly purchase from the black market and would be new customers in the open market.

I know I have been keeping an eye out for conferences in Colorado and Washington for certain reasons.
 
2013-08-14 05:08:23 PM
The NYPD has the wrong police culture. They're more interested in being proactive and searching people and crap. Take a city with a force that shows its presence and keeps the peace, maybe overlooks some things because it's a Friday night, and you've got something going on.
 
2013-08-14 07:06:47 PM

Bontesla: rabidarmadillo24: lilplatinum: cretinbob: If there is a drop in price, it won't be much

Why do you say that?  It was a lot cheaper in Amsterdam where its legal compared with where I lived in Hamburg, 4.5 hours away, where it was technically illegal.

If you take a 30 minute train ride to Rotterdam the price drops even more. Amsterdam has drug tourism prices.

It'll probably be similar to chocolate in terms of pricing. You could spend a buck for a nice mellow moment but if you want to taste purple then it'll cost you. The price will drop for ditch weed but increase for the finer varieties.


I never even found ditch weed in Germany or Holland..  Plenty growing up in Texas though.
 
xcv
2013-08-15 08:53:22 AM

Radak: His figure assumes the open market price of pot would be identical to the black market price.  Unless the city/state/whatever is planning to codify ripping people off, that's not going to happen.  Still a lot of money to be made there, but not $400M.


Consider that the actual retail price of the product doesn't matter. I don't smoke but I think cigarettes cost around $12 a pack in NYC, largely because of vice taxes and fees.
 
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