Marijuana Panic

This isn’t your typical pot paranoia story, California marijuana growers are in serious trouble. We know we would have paid much closer attention in Econ class if this had been the example… NPR explains:

The war on drugs and frequent raids by federal drug agents have helped support the local economy — keeping prices for street sales of pot high and keeping profits rich. But high times are changing. Legal pot, under the guise of the California’s medical marijuana laws, has spurred a rush of new competition. As a result, the wholesale price of pot grown in these areas is plunging.

Marijuana Vending Machine

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One Response to “Marijuana Panic”

  1. I think its great that I now only have to pay $40 for an eighth of dank whereas a few years ago it would have been at least $60. This is good for consumers. http://stonerdiary.wordpress.com

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