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US drug control agency will move to reclassify marijuana

(apnews.com)
662 points JacobHenner | 3 comments | 30 Apr 24 17:32 UTC | HN request time: 0.621s | source
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andrewxdiamond ◴[30 Apr 24 17:45 UTC] No.40213760[source]▶
Weed being illegal on a federal level has had some interesting effects. Because of these laws, all legal weed has to be grown, processed, and retailed within a single state. So much industry and local employment has been created by the legal barriers in place.

It’s probably still a net positive to release the federal restriction, but I hope all these small/mid sized businesses don’t get gulped up by big tobacco or other mega corps

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1. golergka ◴[30 Apr 24 18:19 UTC] No.40214281[source]▶
> I hope all these small/mid sized businesses don’t get gulped up by big tobacco or other mega corps

Why not? Laws of scale would drive the price down while improving the profit margins, both clients and investors would win.

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2. peddling-brink ◴[30 Apr 24 19:12 UTC] No.40214999[source]▶
There are more people involved than just clients and investors.

I think some inefficiencies are important, especially when scoped to "who can do this thing the cheapest?"

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3. bumby ◴[30 Apr 24 20:25 UTC] No.40215857[source]▶
>I think some inefficiencies are important

To add a bit, the importance of some inefficiencies are lost when viewed strictly through an investor lens. E.g., investigative journalism is expensive and largely inefficient regarding the profitability of a newspaper. Redundant inventory/equipment is largely inefficient until low-probability events effect supply. Small businesses may be inefficient but provide economic stability to a non-urban center etc. etc.