[coloradan]

However, if marijuana were a legal crop, its value would likely drop because the black market demand would change.

... which would reduce the number grown, because it wouldn't be so valuable anymore. In other words, the War On (some) Drugs fails in its mission.

[robertpaulsen]

If marijuana were legal, less would be grown?

[Cultural Jihad]

... which would reduce the number grown, because it wouldn't be so valuable anymore. In other words, the War On (some) Drugs fails in its mission.

I have to wonder about this statement. Here in California it is quasi-legal, and yet the prices being paid are as high as or higher than anywhere else in the counrty. The law of supply and demand determines price, and if one dealer wants to charge a premium for his 'bail money fund' then there's another dealer around the corner willing to undercut him.

The Netherlands is another example. The prices there are comparable to the prices anywhere else.

As the old adage goes, something is worth only what another person is willing to pay for it.