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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: 0.616s | 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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cm2012 ◴[30 Apr 24 18:18 UTC] No.40214266[source]▶
Being gulped up big corporations is good. They will much more efficiently serve the market. SMBs are notoriously unproductive.

Though maybe you want your drug dealers to be unproductive, for society's sake! I may take this back...

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1. ehvatum ◴[30 Apr 24 18:25 UTC] No.40214380[source]▶
What SMB has the luxury of being notoriously unproductive? Economies of scale are very real and tend to make larger businesses more efficient, it's true, but you'll find that causes SMBs to be lean and mean to remain competitive.
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2. cm2012 ◴[30 Apr 24 18:48 UTC] No.40214697[source]▶
There are many many ways to look at this data, but here's one: https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_pr....

Bigger companies can pay a lot more because they are more productive. And further research has shown its the same pool/type of people at each.

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3. ehvatum ◴[30 Apr 24 19:04 UTC] No.40214898[source]▶
Your implied point that prices will drop with the introduction of interstate competition and access to finance and interest by mega-corps is well taken. You are certainly correct, there.

Notwithstanding grey-market limitations, people have their motives for accepting the inefficiency of starting or staying small. Potential, for example.