Wednesday, August 13, 2014

Colorado Democrats $21 Million Mistake


From Colorado Peak Politics.

http://coloradopeakpolitics.com/

Colorado Progressives greeted marijuana legalization with great joy as a new tax stream. A "sin" tax that would painlessly raise great sums. Lower law enforcement and prison  costs as drug dealers were forced out of business because their customers would flock to the legal outlets.  Hasn't worked out like they planned.

One problem is the still illegal status under federal statutes, and the reluctance of the banking industry to service the pot businesses. The other problem, not talked about, is the already established illegal pot dispensing business.

Street prices for weed, I'm told, is about half the retail outlets. Weed dealers will deliver right to your home. Depending on the dealer, credit may be extended. Dealers will accept goods for payment, without all the pesky paper work of more traditional fences, i.e., pawn brokers.

The dealers do face obstacles. After all, they are criminals, and don't restrict their illegal activities to being unlicensed pharmacists. That, along with their douchebag personas, bring them unwanted LEO contact. That is about the only way they get caught.

One clear lesson, at least to me, is enterprise will beat regulation, every time.

In case inquiring minds want to know, my last toke was around 1970.


5 comments:

  1. LOL, of course it's not going to work out like they thought... Because they DIDN'T think...

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  2. Seemed like a good idea, at the time.

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  3. I was amused when I was told by my 'almost' daughter in law, recently, how legalizing is going to kill the drug cartels. I informed her that it will only mean that they will sell their product cheaper than that state sponsored drugs....she hasn't talked to me about it since.....

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    1. One of Richard Nixon's enduring legacies, the War on Drugs. Don't know which is worse, that, or the legislation that created the Department of Homeland Security.

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