Talk-Polywell.org

Police raids at eight dispensaries in Michigan boosted cannabis prices there to more than $1,900 a pound.

http://247wallst.com/consumer-products/ ... elow-1650/

MSimon wrote:It always amazed me that the party most invested in Law and Order favors price supports for criminals. Of course the other Party favors doing their criminality legally. Taxes and Regulations.

Every tax, every regulation comes with it an army of bureaucrats and behind that an army (with guns) of enforcers.

So Democrats favor bureaucrats and enforcers and Republicans favor criminals and enforcers. A dishonest citizen (we are all criminals - how could it be otherwise with so many laws?) can't catch a break.

For the week ended Friday, June 5, the spot price index for a pound of cannabis fell to $1,646, down more than 5% from $1,735 a pound in the prior week. The futures price for December 2015 entered the six-month forward curve at $1,175 a pound, unchanged from last week’s November price.

The big news for the week, though, was the announcement by Lloyd’s of London that the company would no longer insure cannabis operations. Cannabis Benchmarks fears a spike in insurance costs:


Lloyd’s currently underwrites the vast majority of insurance policies for cannabis operations across the country, but … they will not renew old policies or write new ones. Insurance is mandated by regulations for licensed cannabis businesses in every state currently possessing a legal cannabis program. The exit of a key player from that market has business owners worried that premiums will skyrocket.

Diogenes wrote:The "War on Drugs" successfully minimizes it. People incorrectly try to measure it by the tiny bit that get's through, rather than the vast amount that doesn't, but would if interdiction were not in place.
Again, they use an irrational and unrealistic standard to measure the success or failure of the "War on Drugs." Without more draconian methods of dealing with suppliers and distributors, this is about as minimum as can be accomplished given the constraints applied.

“If the drug trade were a country, it would have the 19th largest economy in the world. In 2005 the UN estimated that the illegal drug trade is worth more than $320 billion. If currently illegal drugs were taxed at rates comparable to those on alcohol and tobacco they would yield $46.7 billion in tax revenue.”