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Study: Marijuana Prices Could Drop to $38/Oz With Legalization

By Jeralyn, Section Crime Policy
Posted on Thu Jul 08, 2010 at 08:36:00 AM EST
Tags: marijauna reform (all tags)
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The Rand Corporation has released a new report finding legalization of marijuana in California could drop prices as low as $38.00 per ounce.

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.

"That's a significant drop," said Beau Kilmer, co-director of the center. "We're very clear about the fact that the price will go down."

The implications: [More...]

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