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In reply to the discussion: Pot-based prescription drug looks for FDA OK (first pharmaceutical developed from raw marijuana) [View all]RainDog
(28,784 posts)just as we tax alcohol and tobacco.
No one knows what the market cost would be - no doubt there would be a temporary steep drop in price as a lot of diff. growers flood the market - but regulations can make sure that cannabis provided by dispensaries meets certain standards for chemicals (i.e. flushing soil before harvest) and lack of mold, etc.
Rand did one study that indicated prices for the plant itself would drop drastically. But, again, as with other substances, a regulated market can include taxes to keep something expensive enough to gain revenue but not so expensive it would encourage an illegal market.
just as now, there can also be compassionate providers for people with illnesses to provide non-profit medicine for cancer patients, etc. No one has to smoke cannabis to get the benefit of it, either, with vaporizers or edibles.
The real issue is the hypocrisy of this attempt to create a "class-based" system of legality.