Fnordie Walnuts | Seven Days | Vermont's Independent Voice

Fnordie Walnuts 
Member since Aug 20, 2019


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Re: “The Cannabis Catch-Up: Troubling Signs for Legal Markets?

It is unsurprising that state black markets become more robust when - on account of federal prohibition - the very engine that drives our legal markets (financial services, banks, etc.) can't or won't deal with the cannabis industry. As mentioned, "expertly cultivated" plants produce a lot of pot - and that pot is worth a LOT of money, because people like to get high.

So, you end up with high demand and high supply, but no legal means to connect the two. What the hell did anyone expect?

Booze (which, yes, is objectively worse for both individuals and societies as a staple inebriant) is also worth a lot of money, because people like to get drunk (legal alcoholic bev. market in the US valued at $200+ billion, not to mention all the economic activity that booze facilitates). But there's no notable black market, outside of interstate tax dodging schemes. Why? Because everybody involved in booze, from producer to consumer, can use the damn bank.

Posted by Fnordie Walnuts on 08/20/2019 at 6:43 PM

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