New York State continues to stall on legalizing marijuana. A State Senator from Midtown Manhattan has announced she will be introducing a legalization bill into the State Assembly.
Now that Colorado and Washington state have legalized the sale and distribution of pot, the remaining 48 states face a dilemma. Will they pass on the tax revenue pot would create? If they do, then smokers will simply fly to Colorado and Washington to buy their weed. I’m already considering a trip out to Denver for next year’s 4/20 celebration.
Weed will still be illegal under Federal law. And, President Obama’s DEA continues to bust medical marijuana dispensaries and growers in California.
The price for pot in Washington and Colorado is expected to be about $200 an ounce. This is dramatically cheaper than illegal pot in New York State, which costs about $60 an eighth of an ounce.
Below, an interesting YouTube video about pot production in Colorado:
Is pot prohibition about to end? Hard to see how the other states can continue with enforcement. I suspect a lot of the weed legally sold in Colorado and Washington will make its way out of those states into the black market. The states that continue prohibition will have to sit by idly and watch CO and WA rake in all that tax revenue.
Seems to me just a matter of time until the other states line up for their share of the take, as they almost all have done in respect to casino gambling.