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Illegal Growers Are Terrified of Marijuana Legalization

Submitted by smorgan on
This fascinating AP story really nails a dimension of the legalization discussion that is rarely understood or acknowledged in the press:

If California legalizes marijuana, they say, it will drive down the price of their crop and damage not just their livelihoods but the entire economy along the state's rugged northern coast.

Local residents are so worried that pot farmers came together with officials in Humboldt County for a standing-room-only meeting Tuesday night where civic leaders, activists and growers brainstormed ideas for dealing with the threat.

Funny how the "threat of legalization" means such different things to different people. If anyone still doesn't understand how legalization will impact the black market, well, try asking the black market what it thinks. These people are freaking out and you really shouldn’t need an advanced degree in economics to understand why that is.

This is the reality that legalization's opponents are incapable of addressing. The marijuana economy already exists and the debate over taxation and regulation is merely a question of how the industry will be structured. This is not a matter of whether or not California should have marijuana. California already has more marijuana than it knows what to do with.

A vote against legalization is a vote for illegal growers and dealers. And they thank you for your support, as always.

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