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After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.
One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”
Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.
It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)
Colorado s Recreational Marijuana Prices are Falling
After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.
One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”
Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.
It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)
Colorado s Recreational Marijuana Prices are Falling
After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.
One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”
Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.
It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)
Colorado s Recreational Marijuana Prices are Falling
After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.
One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”
Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.
And people say capitalism doesn't work.
It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)
Colorado s Recreational Marijuana Prices are Falling
After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.
One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”
Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.
And people say capitalism doesn't work.
I'm more shocked the government realized they needed to drop the tax a bit to squeeze out the black market a bit more.
It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)
Colorado s Recreational Marijuana Prices are Falling
After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.
One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”
Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.
And people say capitalism doesn't work.
I'm more shocked the government realized they needed to drop the tax a bit to squeeze out the black market a bit more.
As I recall, they gathered so much tax money that they had to start giving it back. I suspect that had more to do with it.
It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)
Colorado s Recreational Marijuana Prices are Falling
After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.
One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”
Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.
And people say capitalism doesn't work.
I'm more shocked the government realized they needed to drop the tax a bit to squeeze out the black market a bit more.
As I recall, they gathered so much tax money that they had to start giving it back. I suspect that had more to do with it.
Maybe that is the case, but in any event the system seems to be working out the kinks.
The next step is to get the feds out of regulating it, with the exception of it crossing state borders, and let the states deal with it like they deal with booze.
It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)
Colorado s Recreational Marijuana Prices are Falling
And people say capitalism doesn't work.
I'm more shocked the government realized they needed to drop the tax a bit to squeeze out the black market a bit more.
As I recall, they gathered so much tax money that they had to start giving it back. I suspect that had more to do with it.
Maybe that is the case, but in any event the system seems to be working out the kinks.
The next step is to get the feds out of regulating it, with the exception of it crossing state borders, and let the states deal with it like they deal with booze.
I certainly hope so. Legalize it, tax it, and let the manufacturers be responsible for quality control. There are some things the government should do and some things best done by the free market. This is one of the latter. The only reason the criminals are in it is because the government is in it.
And people say capitalism doesn't work.
I'm more shocked the government realized they needed to drop the tax a bit to squeeze out the black market a bit more.
As I recall, they gathered so much tax money that they had to start giving it back. I suspect that had more to do with it.
Maybe that is the case, but in any event the system seems to be working out the kinks.
The next step is to get the feds out of regulating it, with the exception of it crossing state borders, and let the states deal with it like they deal with booze.
I certainly hope so. Legalize it, tax it, and let the manufacturers be responsible for quality control. There are some things the government should do and some things best done by the free market. This is one of the latter. The only reason the criminals are in it is because the government is in it.
At least a "bottom end" black market is constrained by the legal price, and thus the profit margins are much much much lower than a "top end" black market created by illegality.
Taxes can't be dropped enough to squeeze out a market that charges no taxes.It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)
Colorado s Recreational Marijuana Prices are Falling
After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.
One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”
Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.
And people say capitalism doesn't work.
I'm more shocked the government realized they needed to drop the tax a bit to squeeze out the black market a bit more.
Taxes can't be dropped enough to squeeze out a market that charges no taxes.It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)
Colorado s Recreational Marijuana Prices are Falling
After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.
One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”
Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.
And people say capitalism doesn't work.
I'm more shocked the government realized they needed to drop the tax a bit to squeeze out the black market a bit more.
What the people from Colorado are saying has to be true. The legal market is tourist. The locals still buy from the dealers they always bought from.
There is no such thing as too much tax revenue to a politicianIt looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)
Colorado s Recreational Marijuana Prices are Falling
After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.
One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”
Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.
And people say capitalism doesn't work.
I'm more shocked the government realized they needed to drop the tax a bit to squeeze out the black market a bit more.
As I recall, they gathered so much tax money that they had to start giving it back. I suspect that had more to do with it.
Gee, I recall writing that this is exactly what would happen. If the tax is too high the incentive to cheat becomes enormous and since growing pot isnt exactly rocket science people would be bootlegging it and avoiding the tax.It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)
Colorado s Recreational Marijuana Prices are Falling
After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.
One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”
Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.
Gee, I recall writing that this is exactly what would happen. If the tax is too high the incentive to cheat becomes enormous and since growing pot isnt exactly rocket science people would be bootlegging it and avoiding the tax.It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)
Colorado s Recreational Marijuana Prices are Falling
After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.
One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”
Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.
My other prediction is that the criminal networks that developed to grow, import and distribute pot would not simply dry up and blow away but would start pushing harder drugs like cocaine and meth. I havent seen evidence of that yet but I am certain it is coming.
It would depend on whether they are complementary goods or substitute goods.Gee, I recall writing that this is exactly what would happen. If the tax is too high the incentive to cheat becomes enormous and since growing pot isnt exactly rocket science people would be bootlegging it and avoiding the tax.It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)
Colorado s Recreational Marijuana Prices are Falling
After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.
One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”
Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.
My other prediction is that the criminal networks that developed to grow, import and distribute pot would not simply dry up and blow away but would start pushing harder drugs like cocaine and meth. I havent seen evidence of that yet but I am certain it is coming.
The question is, with legal pot, does the demand for meth and coke go up or down? All of this is demand based, something the drug war people never seem to grasp as they continue to go after the supply.
The more you limit supply, the more value the material gets, and the more people will try to provide that supply, violently if need be.
It would depend on whether they are complementary goods or substitute goods.Gee, I recall writing that this is exactly what would happen. If the tax is too high the incentive to cheat becomes enormous and since growing pot isnt exactly rocket science people would be bootlegging it and avoiding the tax.It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)
Colorado s Recreational Marijuana Prices are Falling
After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.
One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”
Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.
My other prediction is that the criminal networks that developed to grow, import and distribute pot would not simply dry up and blow away but would start pushing harder drugs like cocaine and meth. I havent seen evidence of that yet but I am certain it is coming.
The question is, with legal pot, does the demand for meth and coke go up or down? All of this is demand based, something the drug war people never seem to grasp as they continue to go after the supply.
The more you limit supply, the more value the material gets, and the more people will try to provide that supply, violently if need be.
My point is that drug networks will look for new products to sell to maintain profits, like any business.
The pot sellers can't keep price gouging either. The more competition the lower the price.It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)
Colorado s Recreational Marijuana Prices are Falling
After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.
One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”
Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.
I'd be interested in hearing from the Tea Party about cannabis taxes.
I believe if they have a pot conviction they cannot work in the legal pot industry. Could be wrong.It would depend on whether they are complementary goods or substitute goods.Gee, I recall writing that this is exactly what would happen. If the tax is too high the incentive to cheat becomes enormous and since growing pot isnt exactly rocket science people would be bootlegging it and avoiding the tax.It looks like the market is working itself out, that and the State realizes it has to drop taxes a bit to cut out the bottom end black market that is created when something legal is over-taxed (as opposed to the top end black market that is created by making something illegal)
Colorado s Recreational Marijuana Prices are Falling
After about 18 months of legal recreational marijuana sales in Colorado, the market keeps getting bigger. And now a new survey shows that pot prices in Colorado are actually declining, even as the number of customers increases.
One reason the cost of getting high is getting lower is because of increased competition from new dispensaries and the expansion of growing facilities. The limited number of dispensaries allowed to sell recreational marijuana during much of the first year of legal sales were able to keep prices relatively high, but prices have come down as more and more entrepreneurs get dispensary licenses and enter the market. At the same time, the report by Nicholas Colas, Convergex’s chief market strategist, notes that “it is also a natural result for any maturing industry as dispensaries try to find the market’s equilibrium price.”
Meanwhile, the state’s sales totals could receive a sizable boost on Sept. 16, when Colorado Governor John Hickenlooper will institute a one-day repeal of the 10% sales tax for recreational pot sales. After that one-day tax holiday, the sales tax will be permanently downsized to 8% in a move meant to further squeeze out the state’s black market for the drug, which is still illegal on the federal level.
My other prediction is that the criminal networks that developed to grow, import and distribute pot would not simply dry up and blow away but would start pushing harder drugs like cocaine and meth. I havent seen evidence of that yet but I am certain it is coming.
The question is, with legal pot, does the demand for meth and coke go up or down? All of this is demand based, something the drug war people never seem to grasp as they continue to go after the supply.
The more you limit supply, the more value the material gets, and the more people will try to provide that supply, violently if need be.
My point is that drug networks will look for new products to sell to maintain profits, like any business.
Yes, but they need a product with a demand, and subsequently a profit that meets the needed risks taken.
The profit margin you get from undercutting the government is no where near the one you get from ignoring the government, because one has a price cap (i.e. the government regulated price of the product) and one does not.
A portion of the former illegal growers/sellers will go into legitimate business, and yes a portion will go into harder illegal drug sales, but now that the cops don't have to sweat pot as much, they can concentrate on the hard drug networks more.
I'd be interested in hearing from the Tea Party about cannabis taxes.
They should be equal to tobacco taxes. Pretty simple, really.
