Generally you would expect legalizing (or decriminalizing) the long illegal cannabis plant, to reduce street prices. In CO the current supply shortage has pushed up prices to some $400 an ounce. I expect this will trigger new investment in expanding supply.
It sure looks to me like this recent legislation is expanding the market for pot use.
I'll leave it to others to debate if our economy needs more recreational drug use, while I do not oppose decriminalization per se, not sure I would ever tolerate impaired workers. I hope none of this new demand gets satisfied by criminal supply chains. Mexico and several countries in So America are a mess because of illegal US drug. One SA country just legalized production there hoping to export it.
Interesting times...
JR
PS: An obscure stat about unemployment is that some 3-4 Million jobs go unfilled for sundry reasons... Showing up on time and sober every day sober may get a little harder in CO, but hopefully $400 a lid will reduce use a little among the unemployed. Those prices are too rich for my blood, unless it comes with 3D hallucinations and surround sound.
It sure looks to me like this recent legislation is expanding the market for pot use.
I'll leave it to others to debate if our economy needs more recreational drug use, while I do not oppose decriminalization per se, not sure I would ever tolerate impaired workers. I hope none of this new demand gets satisfied by criminal supply chains. Mexico and several countries in So America are a mess because of illegal US drug. One SA country just legalized production there hoping to export it.
Interesting times...
JR
PS: An obscure stat about unemployment is that some 3-4 Million jobs go unfilled for sundry reasons... Showing up on time and sober every day sober may get a little harder in CO, but hopefully $400 a lid will reduce use a little among the unemployed. Those prices are too rich for my blood, unless it comes with 3D hallucinations and surround sound.