Researchers associated with the Rand Corp.'s Drug Policy Research Center said Wednesday that not much is certain about the potential impact of Proposition 19 except that the price of California's choicest weed could plunge more than 80%, down from $300 to $450 per ounce to about $38.
Such a low price could also affect pot prices across the nation, encourage marijuana tourism in the state, increase the amount of pot shipped out of state, disrupt the smuggling of marijuana from Mexico and stimulate an underground market designed to avoid high taxes that might be imposed.
TVNL Comment: This is one of the reasons that they do not want to legalize pot. Drug money funds our economy and our black operations. The money is laundered through our banks and this has been known for two decades. The CIA was exposed as running the LA trafficking by Michale Rupert in the 1980s. This, along with the fact that pot could replace about 30-40% of the prescription drugs on the market, make legalization an economic threat to the big money power brokers.