Whoaccio
Senior Member
LOL
If the government taxes it too much, the criminals will still be in business. I guess the biggest advantages would be in the quality of production. A lot of over-doses and problems with 'illegal' drugs are the substances they are mixed with or the poor quality of them.
I've been trying to work out the economics on that, but it is difficult given that there are few good statistics on the drug industry. The average price of pot is roughly between 150-200$ an ounce (let's say 175$). I see no reason through industrial scale production (operations with 1000+ plants) prices couldn't be dropped to 50$/ounce. Most of the street price of pot comes from the mark up various levels of drug dealing apply to it. For instance, you could buy a 1/4 pound for roughly 600 bucks, which works out to a cost of $5.35/gram, nearly half of the street price for a gram and that is just one or two levels of distribution up.There is soo much markup in most illicit drugs that, where they ever legalized, they could be taxed at exorbitant rates while still undercutting the drug market 99% of the time.