Mexican pot growers are going bankrupt and that makes me happy

So is that racist? No apologies here. That's just the way it is.

We, as out of state observers, hoped with the experiment of legalizing marijuana in states like Colorado and Washington that one result would be that the other, more lethal, drug industry would suffer. The rationale is that the illegal drug dealers might peddle marijuana for recreational use with the hope that customers might be tempted to try something heavier. It was all illegal anyway, so why not try something new? Marijuana was the gateway drug only in that customer had to get involved with a dealer who had more expensive merchandise he would be happy to provide.

With the legalization of marijuana the illegal drug dealer got cut out of the loop along with his inventory of hard drugs. The hope is that the hard drug business all the way back to the Mexican cartels will suffer badly.

Now we learn from Gary North in Illegal Marijuana Market Goes to Pot that marijuana prices on the black market have dropped 75% and that "Pot growers in Mexico are going bankrupt." (Via Liberty Pen.)

That's good news. But that's just the first phase. When the cartels are going bankrupt that would be even better news. Here's the bad news:  The pot farmers have switched to heroin poppies. But if the theory holds, that business will not flourish.

It's a grand experiment, and let's hope it's a successful one.

Comments

[Rob O.]

Not only do I agree with you that Mexican pot growers going under is a good thing, but even more, I'm excited by the flip side - that American farmers who've had to rely upon subsidies and massive debt might finally be able to grow a crop that they can thrive on.

Now, let's legalize marijuana, tax the ever-loving snot outta it (and earmark -every- penny for education, to include ramped-up anti-drug programs) and wrap it's use in laws - just like alcohol.

(While we're revamping substance-use laws, we need to make them radically more stringent with stronger regulations and severe penalties. Drunk drivers need to burn hard the FIRST time, not after the third time when they'll killed somebody!)

[Geo]

A citizen telling the government how to spend tax revenue -- not a novelty.

The government actually doing what the citizen wants -- what a concept!