If The Golden State of California passes Prop Whatever, I think it is Proposistion 19, legalizing
marijuana in that 36 000 000 person market expect the
domestic markets for smoke to be flooded.
Becuz, economically speaking, dope is a pure market (in Adam Smith terms) the increased supply along with a constant and flat demand curve will cause a depression in price.
Vic Toews and the rest of the Stephen Harpers, prohibitionists all, must be on the edge of their seats.
WFDS
Perhaps you are right, but don't forget that the reason California wants to legalize pot is so it can earn some much-needed revenue for its state coffers. I have not read how much of a tax they are considering placing on it if the proposition is approved.
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