washington pot consultant... - Marijuana News - International Cannagraphic Magazine Forums

trichrider · 03-30-2013, 06:30 PM

Pot consultant: Revenue estimate way off

Estimates of how much money marijuana legalization can bring to the state's coffers have been way off, Washington's new marijuana consultant said.

In an interview with public affairs channel TVW aired Thursday, Mark Kleiman said several factors, including competition from the loosely regulated medical marijuana market, illegal sales and high prices for legal pot are likely to affect the demand for the state-approved marijuana.
"It's entirely possible that by the time we finish regulating and taxing this product, it's going to be uncompetitive with what you can get at the collective gardens," he told Austin Jenkins for the show "Inside Olympia."
Washington and Colorado last year became the first states to pass laws legalizing the recreational use of marijuana and setting up systems of state-licensed growers, processors and retail stores where adults 21 or older can walk in and buy up to an ounce of heavily taxed cannabis. Sales could begin at the end of the year.
In 2011, efforts to regulate the medical marijuana market were vetoed by then-Gov. Chris Gregoire, who said among other reasons that she didn't want state workers dealing with a drug still considered illegal by the federal government.
Kleiman, a public policy professor at University of California, Los Angeles, leads the Massachusetts-based BOTEC Analysis Corp., which the state picked this month to help with the legalization process. The firm includes a former executive of the company that is the sole licensed supplier of medical marijuana in the Netherlands.....

more at link, w/video. listen closely at 7:40

GP73LPC · 03-30-2013, 07:00 PM

if they decide to tax the shit out of it, the black market will still thrive.

there has to be a happy middle road some where.

trichrider · 03-30-2013, 07:20 PM

what i got outta the video is that they have designs on medical...their model of legal will be impaired by medical and they know it.
and good point on legality diluting prices. competition quelled.

grow your own...

BrownThumb · 03-30-2013, 07:24 PM

Possibly the biggest initial financial impact being no more prosecution for burning weed. That WILL save a lot of $ right off the top. I agree that it has to be priced correctly or the BM will still be a factor and revenue will be missed. With all of that said, if you have the means, growing is the way and the light.

03-30-2013, 06:30 PM	#1
trichrider THEORETICAL Join Date: Apr 2010 Location: between CB1 and the singularity. Posts: 7,046	washington pot consultant... Pot consultant: Revenue estimate way off Estimates of how much money marijuana legalization can bring to the state's coffers have been way off, Washington's new marijuana consultant said. In an interview with public affairs channel TVW aired Thursday, Mark Kleiman said several factors, including competition from the loosely regulated medical marijuana market, illegal sales and high prices for legal pot are likely to affect the demand for the state-approved marijuana. "It's entirely possible that by the time we finish regulating and taxing this product, it's going to be uncompetitive with what you can get at the collective gardens," he told Austin Jenkins for the show "Inside Olympia." Washington and Colorado last year became the first states to pass laws legalizing the recreational use of marijuana and setting up systems of state-licensed growers, processors and retail stores where adults 21 or older can walk in and buy up to an ounce of heavily taxed cannabis. Sales could begin at the end of the year. In 2011, efforts to regulate the medical marijuana market were vetoed by then-Gov. Chris Gregoire, who said among other reasons that she didn't want state workers dealing with a drug still considered illegal by the federal government. Kleiman, a public policy professor at University of California, Los Angeles, leads the Massachusetts-based BOTEC Analysis Corp., which the state picked this month to help with the legalization process. The firm includes a former executive of the company that is the sole licensed supplier of medical marijuana in the Netherlands..... more at link, w/video. listen closely at 7:40 __________________ "I'm not always a dick...but when I am, I drink cheap beer". Last edited by trichrider; 03-30-2013 at 06:41 PM..
	Quote

03-30-2013, 07:00 PM	#2
GP73LPC Strain Collector/Seed Junkie/Landrace Accumulator/Bean Gatherer Join Date: May 2010 Location: working towards off-the-grid Posts: 5,080	if they decide to tax the shit out of it, the black market will still thrive. there has to be a happy middle road some where. __________________ LED-1LB+ Grows LED-Mythbusting LED-GPW LED-Retailers 213W LED Grow Ozone thru Carbon Rain Collection DIY Solar Greenhouse STEALTH Fishtank Cab Seed Junky Hall VG/PG, Tinctures, Oils, ECigs, ELiquids
	Quote

03-30-2013, 07:20 PM	#3
trichrider THEORETICAL Join Date: Apr 2010 Location: between CB1 and the singularity. Posts: 7,046	what i got outta the video is that they have designs on medical...their model of legal will be impaired by medical and they know it. and good point on legality diluting prices. competition quelled. grow your own... __________________ "I'm not always a dick...but when I am, I drink cheap beer".
	Quote

03-30-2013, 07:24 PM	#4
BrownThumb Member Join Date: Sep 2012 Location: CA Posts: 561	Possibly the biggest initial financial impact being no more prosecution for burning weed. That WILL save a lot of $ right off the top. I agree that it has to be priced correctly or the BM will still be a factor and revenue will be missed. With all of that said, if you have the means, growing is the way and the light.
	Quote