Phatscotty wrote:crispybits wrote:Also, cigarettes aren't easy for people to grow in their basement or cupboard. Pot is. The existing black market will regulate the emerging white market in terms of price to start with and that effect wasnt present for cigarettes to the same extent (illegal smuggled ones from Mexico or wherever notwithstanding, there weren't growers in every town)
Forgive me I do not recall the proper terminology I am trying to describe, but it's the kind of market where it doesn't matter how much something cost to produce/distribute, it mostly matters how much you can get for it/how much people are willing to pay, or more specifically how much you need for it.
Think of a passport, or a drivers license. Does it really cost 135$/28$ to produce? Or even a Louis Vuitton bag...
Smoking/buying/growing marijuana, even after legalization, will be considered a privilege/luxury Prices can get pretty blurry in this area. If I can make a summary/comparison, the same thing that happened to the price of tobacco and cigarettes will happen to marijuana.
Why would marijuana be considered a luxury product? It isn't an established brand like Louis Vuitton and it doesn't require being authorized by the government like a passport or drivers license. I'm having difficulty finding examples of cigarette prices doubling or tripling. The most I can find is the fact that prices increased due to trusts early in the 20th century. Can you point me to your source?
Again I'm curious what you suggest to keep prices from rising? I think the possibility of going to jail is a much heftier price than any tax