- Dec 30, 2017
Unfortunately, I think Jeff is following this conversation...
I do think the political will to fight legalization is very thin, which is good. The bellweather event will be the DEA removing pot from Schedule 1- which almost happened in the last round, and could happen the next time it's petitioned. That will open the banking system, which will ease tax collection, and will make it even harder for any federal prosecutors to do anything. Which is good.
What would "normalized" prices for weed be in Mass? I recall prices in the $50/quarter range when I lived in NC (in the 90's, granted). No idea what pricing looks like nowadays, or what impact legalization has- seems taxes could hold the retail price at whatever the illegal price is without impacting demand much.
It’s a catch 22, while legalization drives the price down as competition increases, the ability to engineer new strains and designer buds can drive the price up, in NY you can get an ounce of good shit for anywhere from $180 from east coast grown $300 for something brought in from out west. The average will likely remain the same but there’s a wider range of prices.