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Calif. Prabroad
Prices Could Plummet Post-Legalization
Jul 7, 2010 4:03 pm US/Pacific
SAN FRANCISCO (CBS 5 / AP) ― Legalizing the recreational use of marijuana in California would sharply drive down prices for the drug, causing more people to use prabroad
while possibly undercutting the tax windfall that supporters have touted, according to a study published Wednesday.
The study by the nonpartisan RAND Drug Policy Research Center predicts that retail prices for high-grade marijuana could drop from $375 an ounce under the state's current medical marijuana law to as little as $38 per ounce if vrabroad
ers approve a November ballrabroad
initiative authorizing counties to license and tax commercial prabroad
sales to adults.
"Right now, when individuals purchase drugs, they are paying for the drug dealer taking risks of being arrested," Beau Kilmer, the center's co-director and the report's lead author, said.
But apart from creating sizable price cuts, little seems certain about how the measure, known as Proposition 19, would affect the cash-strapped state's budget or prabroad
's popularity, according to the RAND researchers. RAND, a nonprofit think tank headquartered in Santa Monica, Calif., paid for the research to educate vrabroad
ers ahead of the election, Kilmer said................
MORE:
http://cbs5.com/local/california.prabroad
.prices.2.1792105.html
Prices Could Plummet Post-Legalization
Jul 7, 2010 4:03 pm US/Pacific
SAN FRANCISCO (CBS 5 / AP) ― Legalizing the recreational use of marijuana in California would sharply drive down prices for the drug, causing more people to use prabroad
while possibly undercutting the tax windfall that supporters have touted, according to a study published Wednesday.
The study by the nonpartisan RAND Drug Policy Research Center predicts that retail prices for high-grade marijuana could drop from $375 an ounce under the state's current medical marijuana law to as little as $38 per ounce if vrabroad
ers approve a November ballrabroad
initiative authorizing counties to license and tax commercial prabroad
sales to adults.
"Right now, when individuals purchase drugs, they are paying for the drug dealer taking risks of being arrested," Beau Kilmer, the center's co-director and the report's lead author, said.
But apart from creating sizable price cuts, little seems certain about how the measure, known as Proposition 19, would affect the cash-strapped state's budget or prabroad
's popularity, according to the RAND researchers. RAND, a nonprofit think tank headquartered in Santa Monica, Calif., paid for the research to educate vrabroad
ers ahead of the election, Kilmer said................
MORE:
http://cbs5.com/local/california.prabroad
.prices.2.1792105.html