The Conservative Cave
Current Events => The DUmpster => Topic started by: Carl on February 12, 2015, 09:16:53 PM
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http://www.democraticunderground.com/10026218300
Thu Feb 12, 2015, 07:23 PM
n2doc (36,010 posts)
Washington Has More Pot Than It Can Smoke
Supply is outstripping demand in the unlikeliest place—legal recreational marijuana in the state of Washington. Growers who jumped into the new legal market hoping to make a killing in cannabis are now getting killed by a glut of product.
"There is going to be a lot of people who are going to be in trouble," said Ata Gonzalez of GFarmaLabs, which sells cannabis-infused products.
Much of the problem may be due to differences in the legal "adult use" marijuana markets in Washington and Colorado. In Washington, unlike Colorado, legal pot can be grown outdoors, and there was almost perfect weather last summer in the eastern part of the state, leading to a bumper crop.
Taxes
Washington growers, processors and retailers are each taxed separately, accounting for as much as 75 percent of the retail price. Add in sales tax, and it's very hard to price a product that can compete with the flood of illegal pot coming up from Oregon and California as well as legal medical marijuana—which isn't taxed at all. Now that Oregon has voted to legalize recreational marijuana, a potentially lower tax rate there could hurt Washington even more.
more
http://www.nbcnews.com/business/consumer/washington-has-more-pot-it-can-smoke-n304436
After seeing useless stoners claim for years that it is a revenue train for the government who would guess that useless stoners are too cheap to pay the price?
Of course all the DUmp sees is lots of bud.
Response to n2doc (Original post)
Thu Feb 12, 2015, 07:28 PM
Katashi_itto (6,010 posts)
1. WOOOOOT!!!!!!!
Response to n2doc (Original post)
Thu Feb 12, 2015, 07:31 PM
Ruby the Liberal (25,012 posts)
3. FedEx it east, please
I'll wire the money tomorrow morning.
Response to n2doc (Original post)
Thu Feb 12, 2015, 07:31 PM
Initech (47,256 posts)
4. If you ship some here to California, we won't complain!
Response to n2doc (Original post)
Thu Feb 12, 2015, 07:32 PM
tridim (44,524 posts)
5. Set it free, Feds. nt
Anyhow,as to the economics of the law of unintended consequences.
Response to n2doc (Original post)
Thu Feb 12, 2015, 07:50 PM
Phlem (3,841 posts)
9. Yet they charge like there's a fricken drought.
If they don't shape up with the prices people are going to go back to they're old connections.
Pay the damn tax!
Response to Phlem (Reply #9)
Thu Feb 12, 2015, 07:57 PM
Fumesucker (38,462 posts)
10. The whole objective has been to make the legal product more expensive than the illegal
Then when people start going back to illegal they'll claim that all tokers are inherently criminal.
Well pretty much they are. :banghead:
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As Nobel Prize winning economist Milton Friedman said, 'unintended consequences, bitches'.
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Hickenlooper said he wishes Colorado hadn't legalized pot.
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If they don't shape up with the prices people are going to go back to they're old connections.
What..... no cries for unionization of the pot industry? Minimum Joint Wage? Government regulation?
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Hickenlooper said he wishes Colorado hadn't legalized pot.
...and all I heard since the 70's was what a cash cow wonder it would be for government. A Socialist Bonanza...
A true Free Market would have those prices falling into the stems and seeds.
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Hickenlooper said he wishes Colorado hadn't legalized pot.
Did he say why?
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Here in the mountains of the eastern US, it's not so much about the pot as it is the moonshine.
State and BATF probably spend more trying to shut down illegal stills than they ever would gain if it was legal and taxed.
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Did he say why?
He basically said it's a mess trying to deal with it. He said other states should wait until the states that already legalized have ironed out the problems.
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As Nobel Prize winning economist Milton Friedman said, 'unintended consequences, bitches'.
"Yeah Bitches" Friedman said it like Jesse from Breaking Bad !
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"Yeah Bitches" Friedman said it like Jesse from Breaking Bad !
That works!
I was imagining the voice of Randy 'Macho Man' Savage.
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Government stealing more money than the people that produce products or WORSE, energy? Bitchin man.
Government stealing more money than the people that produce weed? Revolution man!!
The DUches and leftists in general have the emotional maturity of a 5 year old.
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Hickenlooper said he wishes Colorado hadn't legalized pot.
He sort of speaks out of both sides of his mouth on this issue. I've seen him admit in a documentary that legalization is going pretty well and that a lot of his initial fears turned out not to be true.
He seems to still be concerned that kids will "get the wrong message" about pot, however teen use is down since legalization, so the early data contradicts his fear. Crime is down too.
If he wanted to be consistent, he would also be advocating that cigarettes and alcohol should be illegal so kids don't "get the wrong message" about those substances either.
This is a Democrat politician though...