Wednesday, May 28, 2014

Illegal Marijuana Market Goes to Pot

Gary North reports:
Pot growers in Mexico are going bankrupt. Prices have fallen 75%. Why? It has been legalized in two states: Colorado and Washington.

The price of pot has fallen 75%.

This is basic economics. Competition drives down prices.

But how? How does all that legal pot in two states get to other states? By car.

Someone takes greenbacks into Colorado, buys pot, and drives back home. Then he sells his stash for cash.
No wonder powerful interests don't want to legalize drugs. Imagine what would have to the dating market if prostitution were legalized.