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MARIJUANA BOMBS DROPPED ON TEL AVIV AND GAZA
Reporters who crashed the party saw Bibi toking with that Hezbollah guy and they were like “Dood, I am so sorry for throwing those missiles at Haifa” and Bibi was like “Dood, no worries, I mean what was I thinking invading Lebanon and blowing up all that stuff. Holy crap dood, we totally suck!”.
Pot is often called the biggest cash crop in America. The Fraser Institute, a conservative Canadian think tank, estimates that U.S. consumers spend as much as $110 billion a year on marijuana and cash-strapped state governments are starting to see marijuana as a potentially lucrative revenue source.
California, for instance, collects sales taxes on cannabis sold at its non-profit marijuana dispensaries. Ramon J. Hirsig, Executive Director of the California State Board of Equalization said in testimony before the state Legislature that the state could reap as much as $1.4 billion in revenue on a "hypothetical" $50 per ounce tax that could be levied if a ballot measure called Proposition 19 allowing legalization passes.
Which Way Will Pot Prices Go?
One-eighth of an ounce there can cost anywhere from $16 to $60 depending on quality. Nationally, data reported anonymously to the pro-legalization site Dopestats.com shows that one ounce of low-grade pot sells for an average of $73.53 (up from $60 in 2008), $125.71 for mid-grade (versus $150) and high grade-pot selling for $280.58 (versus $337.50).
Keith Stroup, the founder of National Organization for the Reform of Marijuana Laws (NORML) says Dopestats figures are too low for the good quality marijuana, which he says fetches between $400 and $600 an ounce and sometimes.
The research organization argues that even with a $50 per ounce tax, "researchers cannot rule out consumption increases of 50% to 100%, and possibly even larger." That would bring marijuana use in California to levels not seen since the 1970s. Moreover, Rand estimates that the price of high-quality pot would cost as little as $38 on a pre-tax basis, as the black market for pot dries up.