Aired on: 2014.02.02
...Or does it cost less? 2014 brought this question to the forefront as consumers in legal Cannabis jurisdictions wrestle with the theory of whether legal marijuana will have a higher price than its black market counterpart. As this video is airing, the prices are still alarmingly high in the legal retailers. Not quite the pot utopia that was promised. However, today on Lex's World I will be talking about cannabis economics and giving my two cents on why I believe that these high prices will be short-lived and why there are VERY good things ahead.
how soon till those prices drop? I say.....5 to 10 years
In my view its about 5 years, maybe less...the legal progress has been compounding in the last few months, so as long as the pace continues the bottleneck situation should improve fairly fast.