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Will buds soon be worth less than leaves are now? One of the owners of the new mega marijuana factory farms just legalized in Oakland is looking forward to a day of being the Trader Joe’s of weed. Jeff Wilcox says, “The new Two Buck Chuck will be $40 an ounce pot.” I doubt with taxation that prices will drop
Read moreYesterday the New York Times Blog, Freakonomics, featured a guest post by Daniel Hamermesh. Hamermesh is a professor of Economics at the University of Texas. He claims that “if California passes the Legalize Marijuana initiative in November. If that happens, the demand curve will shift out, tending to raise price still further. But people will be allowed to grow small
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