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Jon Talton

Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest.

December 7, 2012 at 10:20 AM

Vote: The pot market

I will admit to having inhaled in college, back in the seventies. But marijuana just didn’t do anything for me. I started a lifelong affair with a well-made martini. But now Washington is one of two states that has legalized pot consumption. And good on us, considering the utter failure of the war on drugs. How this is implemented, and whether the feds come down on us, is unknown. Not to mention the effect on the munchies industry.

Are people more likely to buy legally and avoid the hassle of running afoul of the law? Or will they try to avoid taxes by sticking with their current (underground economy) dealers? Will those pushers drive down their prices to keep market share? What are the economics of pot? We’re about to find out.

So, today’s poll:

Legal pot and me

Read on for the best links of the week and the haiku:

This Week’s Links:

  • How to explain the fiscal cliff to non-Americans || Foreign Policy
  • Bringing the Apple jobs back home || Salon
  • The next productivity revolution: The industrial internet || Vox
  • The gospel of wealth fails the inequality test in primates || Scientific American
  • Wal-Mart wouldn’t pay for Bangladeshi factory safety improvements || Salon
  • The fiscal cliff is the Y2K of 2012 || Frank Rich/NY Mag
  • End the war on terror and save billions || Washington Post
  • Will U.S. oil consumption continue to decline? || Econobrowser
  • Is a bailout a tax? || Noahpinion
  • A slow growth rate is the real threat || NY Times
  • America’s debt problems have been brewing for decades || Conversable Economist
  • U.S. aerospace industry projects tenth straight year of growth || Reuters
  • It’s time for a carbon tax || The New Yorker
  • Inside the method of Amazon’s beautiful warehouse madness || The Atlantic

    Today’s Econ Haiku:

    Apple jobs come home?

    I’d gladly pay a bit more

    Stem our work crisis

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