this is an open thread spouting economic ideas and looking for others opinions here is my first 2 questions..................... how will cannabis prices and sales b altered by a world wide deep and long recession starting in europe and eventually hitting america (hong kong china and india might feel less of a pinch) how would cannabis sales/price compare to other commodities like coffee, alcohol, gasoline, and tobacco?
Weed prices are about the only thing that haven't been hit by inflation yet. I wonder if that will change.
It's sold in the black market none of that will effect it's price. I don't think it would get cheaper either if everyone was hurting for money.
Recession or not people are still going to smoke. Prices on something sold illegally are not as volatile as legal commodities so I would expect a minor drop in sales/prices. If I had to guess without any real data or accurate information to base this off of I would estimate a price drop of ~5% and a demand increase of ~2-3% per year
ive been wondering what the combo of inflation and decrease of disposable income would do to the supply/demand component....... although obama has been NO friend to MMJ or anything related in 3 years i would have to guess hes maybe 1% better than Romney...........i just dont trust a mormon with anything drug related........whos to say he doesnt make alcohol harder to get?....cigs harder to get? porn harder to get? gambling harder to get? hes a BIG govt guy who loves war and hates vices sorry off on a tangent there............Ron Paul 2012
here is another ? silver and gold are considered great commodities that hold their value and keep their purchasing power would top quality uber AA+ cannabis hold its value over a 12 to 18 month period (really max cure time IMHO)
this is actually serious......... knowing how certain situations will alter my life and like minded peoples lives is important trying to get diff opinions so im covered from all angles silver eagle retail price (end cost....with shipping/cc/minting/silvercost/dealer/etc) is approx 38$@1oz eagle........wholesale (NOT retail) pricing (for mid east states) seems to b approx 225/oz (of course this varies) meaning 1 oz wholesale AA = 6 SEagles going to b interesting to see how this changes quarter to quarter
I don't think the price of cannabis would change much due to a world wide recession. The reason I say that is because price is where supply and demand meet. In a time of limited consumer spending the demand for cannabis probably wouldn't increase or decrease... we would just see more and more people growing their own vs. paying for it. but thats just my opinion