In New Jersey they have defined “cannabis” as weed from the corporate dealers and everything else is “marijuana” and still illegal so we could see a new world where anyone found with weed is challenged to produce a receipt for it or be arrested. And home growing a few plants is still a felony in this “legal” weed state with several pharmaceutical corporations headquartered there.
Would not be surprised to see House Cuomo in New York implement the same bullshit. Although now that I think about it, you could buy weed at the store once and carry the receipt around for the next couple years. Prohibition never works!
If I’m reading it correctly; I was thinking a fund for uses other than money for citizens. But I’m not a fan of a weed fund so to speak. As for the Drugs () in a trust the cost of the actual drugs wouldn’t be so much so anyprofits would presumably go to rehab type endeavors.
Norway’s sovereign wealth fund is in oil not weed right?
The real wealth of legal weed is in a trading market with futures, not from just the $25 plus trillion in the retail market.
Edit: as a privately owned grower “collective” a single weed corporation could write off all expenses and only pay taxes on things like loan revenue from investment activities.
Oil and the American military industrial complex. Nordic countries get alot of undeserved praise for actively benefitting from violent imperialist policies.
Not so much. The grower can controle the market at a price of $6750 a pound and the retailer can receive a product of at least hash or marijuana flower. Given that it is a market, there are holding facilities with the physical marijuana. The retailer who pays $6750 for a pound can have their product specifically tailored ie:processed into joints, or food products, or hash mixes depending on the product he whishes to sell for a nominal fee. All this is centralized and organized, enabling the retailer to receive a product he can place on shelves in 1-2 business days.
Cause I can go buy black market right now for $200/oz for high grade “exotics”. Why would I pay twice that for who knows what coming from thousands of different sources.
What kind of person goes to a black market when there is a formalized trading market with growers making better quality exotics selling from $6750 a pound. Why would you support an illegal organization when by following the law you help your brother the grower out and stimulate the economy in your small way?
Once it’s federally legal there is zero chance of it being over $100/oz for the average top shelf. Sure there will be special exotics, kinda like with alcohol, that will command a higher price but there def won’t be a standard market price of over $100/oz.
Me being a citizen would certainly like to make a million dollars a year from growing a 500 square foot garden. Why would I ever want corporate cheap market and economy draining weed…
Well good luck with your trade market, but I don’t see consumers paying those prices.
Why do so many think that legalization will just remove the risk of going to jail and somehow keep the same price point for a plant that can be grown easily in ones garden. Sorry but your million a year dream is just that, a dream.
Well. Theoreticaly the lowest grade weed would be sold on a secondary market. This market would have bottom tier standards which would pull the product off the market (delist) and sold at the lowest spot price to be used as industrial byproduct. Further, the retail seller and the grower, in a districted system, would be in the same area. Thus ensuring that the retail vendor receives the highest price for his goods.
) in a trust the cost of the actual drugs wouldn’t be so much so anyprofits would presumably go to rehab type endeavors.