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Author Topic: Primitives discover what taxation does to weed.  (Read 1814 times)

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Offline Carl

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Primitives discover what taxation does to weed.
« on: February 12, 2015, 09:16:53 PM »
http://www.democraticunderground.com/10026218300

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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.

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Response to n2doc (Original post)

Thu Feb 12, 2015, 07:28 PM

 Katashi_itto (6,010 posts)
1. WOOOOOT!!!!!!!

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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.

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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!

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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.

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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!

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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:
« Last Edit: February 12, 2015, 10:16:59 PM by Carl »
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Offline Big Dog

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Re: Primitives discover what taxation does to weed.
« Reply #1 on: February 12, 2015, 09:30:17 PM »
As Nobel Prize winning economist Milton Friedman said, 'unintended consequences, bitches'.
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Offline thundley4

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Re: Primitives discover what taxation does to weed.
« Reply #2 on: February 13, 2015, 12:48:11 AM »
Hickenlooper said he wishes Colorado hadn't legalized pot.
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Offline 98ZJUSMC

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Re: Primitives discover what taxation does to weed.
« Reply #3 on: February 13, 2015, 01:03:28 AM »
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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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Liberal thinking is a two-legged stool and magical thinking is one of the legs, the other is a combination of self-loating and misanthropy.  To understand it, you would have to be able to sit on that stool while juggling two elephants, an anvil and a fragmentation grenade, sans pin.

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Offline 98ZJUSMC

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Re: Primitives discover what taxation does to weed.
« Reply #4 on: February 13, 2015, 01:06:18 AM »
Quote from: thundley4 on February 13, 2015, 12:48:11 AM
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.
« Last Edit: February 13, 2015, 01:09:37 AM by 98ZJUSMC »
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Liberal thinking is a two-legged stool and magical thinking is one of the legs, the other is a combination of self-loating and misanthropy.  To understand it, you would have to be able to sit on that stool while juggling two elephants, an anvil and a fragmentation grenade, sans pin.

"Accuse others of what you do." - Karl Marx

Offline wasp69

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Re: Primitives discover what taxation does to weed.
« Reply #5 on: February 13, 2015, 01:37:24 AM »
Quote from: thundley4 on February 13, 2015, 12:48:11 AM
Hickenlooper said he wishes Colorado hadn't legalized pot.

Did he say why?
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Offline diesel driver

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Re: Primitives discover what taxation does to weed.
« Reply #6 on: February 13, 2015, 04:11:11 AM »
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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Offline thundley4

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Re: Primitives discover what taxation does to weed.
« Reply #7 on: February 13, 2015, 08:24:34 AM »
Quote from: wasp69 on February 13, 2015, 01:37:24 AM
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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Offline obumazombie

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Re: Primitives discover what taxation does to weed.
« Reply #8 on: February 13, 2015, 02:44:25 PM »
Quote from: Big Dog on February 12, 2015, 09:30:17 PM
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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Offline Big Dog

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Re: Primitives discover what taxation does to weed.
« Reply #9 on: February 13, 2015, 02:53:38 PM »
Quote from: obumazombie on February 13, 2015, 02:44:25 PM
"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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Offline jukin

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Re: Primitives discover what taxation does to weed.
« Reply #10 on: February 16, 2015, 03:48:20 PM »
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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Offline Reality vs DU

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Re: Primitives discover what taxation does to weed.
« Reply #11 on: February 16, 2015, 04:26:49 PM »
Quote from: thundley4 on February 13, 2015, 12:48:11 AM
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...
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