california and weed

[billy]

The legislation would allow adults 21 and older to legally possess, grow and sell marijuana. The state would charge a $50-per-ounce fee and a 9 percent tax on retail sales.



source

it's far from a done deal but it's a step in the right direction.

In California $50 can buy you 1/8th of 1 OZ of fairly good green
They already charge a 8.25% sales tax on EVERYTHING except food in the state.
So its not to far from fair

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Liquor retailers are quite happy that the booze prohibition ended.
I don't see why it would be any different for the pot dealers.

The pot dealers will have to lower there prices drastically to compete. It is currently a very lucrative business not having to pay taxes and charging the prices they do...
Then some corporate folks (like the cigarette company's) will expand there retail market to cover the weed as well, U KNOW they will they already have the manufacturing plants for it.. It will take very little modification to process cannibus..

if the law gets passed i think you'll see farms in the area cropping it and the price should drop drastically.