Prop. 19 approval could decrease marijuana costs, increase consumption, report says

[bemildred]

The cost of marijuana would drop as much as 80% and consumption would rise if Californians vote for Proposition 19, the legalization measure on the November ballot, researchers at Rand’s Drug Policy Research Center have concluded in a detailed analysis of the issue.

The Santa Monica-based, nonprofit research institute predicted the cost of marijuana, which runs between $300 and $450 per ounce, could plunge to about $38 by eliminating the expense of compensating suppliers for the challenges of operating in the black market.

The researchers were not certain how much that decline in price might spur use, but noted that one typical estimate is that a 10% drop in price increases use by about 3%. Other factors, such as the elimination of legal risks, could also increase usage between 5% and 50%.

The report noted that it was impossible to predict tax revenues from the initiative, which leaves that decision up to individual cities and counties. Based on a statewide $50 per ounce tax proposed in a legalization bill introduced by Sen. Tom Ammiano (D-San Francisco), the report said state tax revenues could range from $650 million to $1.49 billion.

http://latimesblogs.latimes.com/lanow/2010/07/proposition-19-marijuana-costs.html

I'm sort of looking forward to the TV commercials.

[Duer 157099]

1. LOL, I hadn't even though about commercials

I hope this passes, not because I want to use it personally, but because I want to see how it changes society.

We need to shake things up. I mean without an earthquake for once.

[bemildred]

2. I was trying to figure out what the dope analog commercial was for "More taste, Less filling"

or Beer Babe commercials. And then there is all the stuff for cigarettes. "It's toasted!"

[Greyskye]

4. For vaporizers...

"More vape!" "Less combusting!"

Oh well. It's funny in my head. :silly:

[Warren DeMontague]

3. Oh Nooooooo!

Let's be real. If it passes, the Federal Government will override it, just like they do with all laws they don't like.

I hope it passes, but I suspect, if it does, it will be another one of these "laws that don't really count". :eyes:

[shanti]

5. driving thru sono/mendo counties

you can see mm billboards all over. if it's legalized here, cali will be even more of a vacation mecca, but for more reasons!