if marijuana was fully legalized & all its uses taken advantage of

what would happen to the prices?
if the demand skyrocketed & industries fully embrased the uses for building materials, clothing, fuel, & medicinal uses & eveything else its useful for, would recreational use still be affordable?

think about this for a momment, you know the lil rubber anti slip cap thing thats on the ends of canes & crutches? when sold as a medicle device, the cost is many times higher then the exact same thing sold for the bottom of a chair leg, the same goes for a bolt sold as a replacement part for a wheelchair thats identicle to any bolt sold for any other reason, just slapping on that medicle label increases the price greatly.

if hemp fibres became widely used in construction, hemp seeds as a food source, the buds used for medicines (with overinflated prices) hemp oil as a fuel & lubricant..would the demand drive the prices so high that recreational use wouldnt be worth the price anymore?

what do you guys think?

 

well hemp cant be smoked,, so thats not a issue.. as far as it becoming that pricey in our lifetime,,i doubt it...

first things first,,wait till corn is costing you a buck a ear in the supermarket,,shouldnt be more than a couple years thanks to ethanol..

 

Depends on if there's a free market for it and people are allowed to grow and sell their own, or if the government regulates it. As it is now, marijuana prices are inflated because it is illegal, therefore there is risk in managing it and smuggling it around also adds to the cost. If people could grow their own and sell it for whatever they ewanted to as a private business, costs would plummet. If the government took control of it (as I'm sure they would if it ever was legalized!) costs would skyrocket. So, if it was legalized, it would most likely be under government monopoly and those greedy bastards would make it cost a ridiculous amount. People would still have to buy their own weed illegally for recreational use. Unless by some miracle it was just legalized and people could grow their own without the government sticking their greedy nose into it.

 

so what does hemp have to do with smokin weed??

 

true hemps not generaly smoked, but i included every single use in the question, including the seeeds as a protein rich food source...the demand for every part of the plant including the buds for medicinal use could outweigh the demand for recreational use very easily
and if you think about it, in the past it had been such an important crop that you were required by law in certain states to resserve a portion of your farm to growing hemp, & were able to pay your taxes with it..that was before our lifetimes, & many of its uses still were unknown, & the technology didnt exist to fully utilize it to its ful potential...
if its industrail & medicinal uses became widespread, breeding would go in 2 directions, 1 towards increasing the fiber yeild, wich wouldnt require budding at all, & the other towards potency, which woud go directly into the medicinal ...i'm sure there would still be buds availible recreationaly, of a mid range variety. but with all the demand that really taking full advantage of it would cause, wouldnt the prices be rather high?
i mean imagine if fords hemp car design (which was far superiur to modern cars) became the norm, & hemp replaced steel & wood & paper, ..it might bring down the construction costs being a relatively quick crop to grow, but the demandfor cheap durable materials would outweigh what proffits could be made off the average recreational users

hypotheticaly anyways

 

hypothetically then,,people would do what they do now, grow there own and trade underground..

hypothetically....

 

exacly what i was thinking.

 

its all the same plant
if its medical uses were embraced by the medical system, they automaticaly tripple the cost..recreational users would just be using the medicinal herb after al right?

just like my example of the rubber stoppers when sold as a medicle device the price tripples..

thats what it has to do with smoking weed...wether its sold by prescription, or over the counter, once its medical status is recognized by the medical industry, the price would go up
not to mention that the industrial uses woud require so much more land then is now used to grow recreational weed & with the thousands of uses the demand for growing space would put recreational use growth secondary to all othersmaking the herb reservd (and sold by) the medical feild as the only avalible recreational options

 

its not even worthy of discussion..



as i said, folks will always do what they do now...

 

Im thinkin that if it became legal the companies and goverment would skyrocket the price with taxes and so fourth, and I think the really really good weed will be sold cheap from our dealers we normally get from, because it will probably be illegal to sell it without taxing it.

 

Right now, weed is potentially worth more per gram than gold. The thing is, weed can be cultivated in mass quantities in a matter of months. If it were legalized, there crowd to jump on this "gold mine" would be pretty massive. Demand would increase, but nothing too extravagant, it's the supply that would skyrocket. The price would start out high, perhaps higher than street prices even, and then drop drastically quite quickly. The supply would outweigh the demand so the focus of production would shift from quantity to quality, increasing potency, which decreases the amount required for consumption, which would allow the price to potentially raise until equilibrium.