Marijuana growers in California (the only state discussing legislation to make pot completely legal for any purpose, medical or recreational) are getting worried. Why? Because, with legalization on the horizon, market prices are falling. And the pot growers don't seem to understand why, or that they shouldn't really be worried after all.
Let me explain: the quoted price of a pound of pot ($5,000) is artificially inflated to cover the risk involved for the grower and the seller--if they're caught and convicted, they go to jail.
When marijuana is legalized, the risk goes away. Prices will fall to more reasonable levels. I understand how that can worry the growers, but it just goes to prove that they're either smoking their product (and profits), or haven't had enough education to understand supply and demand: as the price goes down, demand goes up. As the product is decriminalized, those who wanted to try it, but didn't want to break the law are going to start trying it, pushing demand up further.
In the end, the pot growers are likely going to see far higher income, despite lower profit margin, because of much higher volume sold.
1 hour ago