Pot was not a completely unregulated market

Current Events » in reply to Ah, but it had severe penalties for even participating.

Pot was not a completely unregulated market

BuckGalaxy — 1/12/2023 9:21:13 PM (archived)

Being illegal obviously increased the price of supply. But regulated or not it is still controlled by supply and demand. Like everything else, provable, testable, empirical observation of S&D at work:

A national weed glut is causing prices to plummet and imperiling businesses

Eventually supply will return to where it is profitable and stabilize there.

The whole thread (33 posts)

Whatever the market will bear - podrock - 1/11/2023 5:32:20 PM
- Interesting, considering public demand for it is dropping... - ER - 1/11/2023 6:29:11 PM
  - Price equilibrium. - BuckGalaxy - 1/11/2023 7:56:03 PM
    - You're ignoring elasticity of demand. n/t - RobVG - 1/12/2023 9:35:01 PM
      - I've mentioned elasticity of demand in that post - BuckGalaxy - 1/13/2023 7:17:35 AM
        
        You did, but I didn't get past your first statement. - RobVG - 1/14/2023 1:01:01 AM
        
        Ultimately vaccines are paid for - BuckGalaxy - 1/14/2023 6:07:30 PM
        
        I totally agree. - RobVG - 1/14/2023 9:52:19 PM
    - De Beers - podrock - 1/12/2023 4:35:54 PM
      - DeBeers is a monopoly - BuckGalaxy - 1/12/2023 7:06:12 PM
        
        Awash in supply, - podrock - 1/12/2023 7:33:05 PM
        
        wants and needs - BuckGalaxy - 1/12/2023 8:33:25 PM
        
        Or when you eliminate the competition. - podrock - 1/14/2023 4:12:15 AM
      - Those PBS guys are all a bunch of commies. - ER - 1/12/2023 5:10:54 PM
        
        Well, yeah... - podrock - 1/12/2023 5:46:55 PM
      - Re: De Beers - podrock - 1/12/2023 5:04:43 PM
    - You start off your post with a contradiction. The first two sentences. - ER - 1/11/2023 10:16:01 PM
      - No contradiction whatsoever - BuckGalaxy - 1/12/2023 12:01:11 AM
        
        Yes, but what you don't understand... - ER - 1/12/2023 5:19:23 AM
        
        Sigh - BuckGalaxy - 1/12/2023 6:55:45 AM
        
        Fart - ER - 1/12/2023 1:59:12 PM
        
        This is exhausting - BuckGalaxy - 1/12/2023 6:40:53 PM
        
        Sorry ER - BuckGalaxy - 1/14/2023 6:10:36 PM
        
        And entertaining. - podrock - 1/12/2023 6:48:17 PM
        
        You were denying it not too long ago. Progress I suppose... - BuckGalaxy - 1/12/2023 6:59:28 PM
        
        I don't believe I ever denied S/D - podrock - 1/12/2023 7:09:47 PM
        
        And I've said a hundred times - BuckGalaxy - 1/12/2023 8:00:59 PM
        
        Ah, but it had severe penalties for even participating. - podrock - 1/12/2023 8:25:36 PM
        
        Pot was not a completely unregulated market - BuckGalaxy - 1/12/2023 9:21:13 PM
        
        Demand is down as well. - podrock - 1/12/2023 10:39:58 PM
        
        That's a good thing - BuckGalaxy - 1/13/2023 12:29:38 AM
        
        The economics of the weed industry have been interesting to observe. - podrock - 1/14/2023 4:21:30 AM
        
        On a personal note. - ER - 1/12/2023 2:44:57 PM

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