You’re right — I just inferred that you were predicting a high price.
IMHO, the price will be what the government says it is, because most of the price will be taxes. That’s pretty much how it works for tobacco and most alcohol. Governments will consider several things, including:
* the effect on the black market;
* discouraging overuse; and
* maximizing profits (tax revenue).
The higher the taxes — the more competitive the black market becomes. The lower the taxes, the more likely people are to overuse. Maximizing tax revenue requires a balance between sales volume, and taxes per unit.
Agreed. As someone once said, 'The art of taxation is to pluck the most feathers with the least amount of hissing.'*
*If no one actually said that, someone should have!