Paying a premium for taxed, legal product

As marijuana turned legal in Colorado on January 1, the N.Y. Times says buyers

were paying high prices for new recreational marijuana — $50 to $60 for an eighth of an ounce, nearly double the price of medical marijuana — but said it was worthwhile to avoid the risk.”

“People don’t like breaking the law,” said Andy Williams, who runs the Medicine Man dispensary in an industrial park in Denver. “The burden has been taken off them.”

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Author: patoglesby

From 1982 to 1990, I worked in tax policy for Committees of the United States Congress. In recent years, I was Adjunct Lecturer at UNC-Chapel Hill's Business School and then Adjunct Professor at its Law School.

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