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Plummeting Marijuana Prices Create A Panic In California

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Cryptogon
Wednesday, May 26, 2010

Understand the purpose of the drug war with just one story. Hint: Law enforcement is used to keep supplies down and prices high.

So what changed?

California is broke and the state government wants a cut of the action.

(ARTICLE CONTINUES BELOW)

Plummeting Marijuana Prices Create A Panic In California 130510banner3

Via: NPR:

For decades, illegal marijuana cultivation has been an economic lifeblood for three counties in northern California known as the Emerald Triangle.

  • A d v e r t i s e m e n t

The war on drugs and frequent raids by federal drug agents have helped support the local economy — keeping prices for street sales of pot high and keeping profits rich.

But high times are changing. Legal pot, under the guise of the California’s medical marijuana laws, has spurred a rush of new competition. As a result, the wholesale price of pot grown in these areas is plunging.

This article was posted: Wednesday, May 26, 2010 at 8:48 am





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