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22

Economics is hard The number of factors that can impact supply and demand, and therefore pricing, is essentially incalculable and indeterminable. Certainly if anyone can determine and compute them all, they should become extraordinarily wealthy and powerful as a result, as the market would behave in a wholly deterministic and predictable way to them; their ...


15

It is conventional wisdom that the criminalisation of the supply of recreational psychoactive drugs causes an increase in the cost to supply and therefore to the user... However other studies have indicate this is not the case, according to one frequently referenced study from 2016 (though relating to harder drugs) The Portuguese study from IJDP that you ...


13

In addition to what has already been stated, in some areas decriminalization has coincided with lower prices and higher quality. For example, I live in Arizona where recreational cannabis was legalized last year at the state level. Medical cannabis had been available for several years. According to my contacts who have experience with this, 10 years ago ...


10

There is a disparity in the treatment of cannabis compared with tobacco and liquor. All three are potentially dangerous, contain drugs that can do harm if abused. But there is a tradition of use of liquor and tobacco, and traditional expectations of packaging. Due to the long illegality of cannabis, there is no tradition of legal packaging of cannabis. ...


7

The whole story is quite complex, but I can point out a couple of factors. If you read Freakonomics, in chapter 3 it will explain that against usual expectations often drug dealers earn very little from their trade. In an illegal context its easier to exploit people and those in the lower ranks of the distribution chain can earn less than the minimum wage. ...


5

In the case of legal marijuana a big problem is it's illegal for banks to work with you. This was from back when the Bush administration wasn't happy about California legalizing medical weed (in 1996). Pot was still illegal federally, which they used to put the squeeze in the businesses. A few years after Colorado had legal recreational weed (2012) local ...


3

Decriminalisation does reduce the cost of drugs, if we factor in the substantial added consumer costs of accessing a black market: Adulteration. A black market buyer might pay for n units of a substance, but only receive .25n units adulterated with .75n units of filler. Contamination. A black market buyer might pay for n units of a substance, but only ...


2

It is important to understand that although the President is the Chief Executive of the Executive branch of US government, he does not have absolute authority. The Executive branch is composed of a number of independent agencies tasked by Congress to perform respective duties. The President can certainly issue requests and orders to the heads of these ...


1

For decriminalization to take effect on price, it would require decriminalization of the whole supply chain. For example, as long as production of opiates and cocaine is illegal in the countries of origin, or somewhere on the shipment route, it is clear that this will reduce supply, and raise production and shipment costs. Also, any US producer of marijuana ...


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