Cannibis sells for $hundreds per lb, because it is nearly completely illegal except for some exceptions. When it becomes legal, price will be as low as anything, and 90% of those companies entering the cannibis biz will be bankrupt.
meanwhile, America will still be importing lots of fruits and vegetables.
“Cannibis sells for $hundreds per lb, because it is nearly completely illegal except for some exceptions. When it becomes legal, price will be as low as anything, and 90% of those companies entering the cannibis biz will be bankrupt.
meanwhile, America will still be importing lots of fruits and vegetables.”
Uh, no.
Cannabis sells for hundreds of dollars per ounce; thousands of dollars per pound.
It *is* already legal in a number of states, and the price has remained more or less constant (a slight increase if anything when you factor in the taxes now).
The demand for cannabis is much higher than the current supply.