How Legalizing of Weed Will Affect its Pricing in the Future

Weed is a common name used across the world to refer to cannabis or marijuana as some would call it. According to my reasoning, the fact that growing of cannabis was largely illegal in many countries across the world led to it been termed as weed. Normally, a weed is the unwanted plant that grows where and when it is not needed .  

Years ago, marijuana was quite expensive. I tend to think the prices were high due to its state of illegality in many countries across the world. The pricing of weed has changed though as days pass and it looks set to continue changing in the future. This change has been a positive one especially for the consumer as it is a drop in the price and not a hike. 

Many countries and states seem to be embracing the growing, use and selling of the plant and its products. This is easing the acquisition of the weed-related products and the weed itself. Well in the business world, scarcity of an item means its demand is higher than its availability. The demand is proportionally direct to the price. The higher the demand is then the more the price. In this case, when the weed availability raises to the level of the demand then the prices must fall. More growth of the product has led to more harvest (production)  of it Skunk’s Oasis delivery.  

In the future, if all factors remain constant, weed will be a readily available commodity. These factors include, the growth, legality and commercialization of weed. One needs not be a prophet to give an assurance that pricing of weed in the future will have a drastic decrease compared to a few years ago. It is common logic.  

This decrease in the pricing of weed in the future will have many positive significances to the consumers and the goverments involved too. The positives include the following; 

1. Easy access and acquisition of weed or weed-related products. 

2. Increased goverments’ income revenue through tax. 

3. Exploitation of unused lands for farming of the plant. 

4. Creation of employement and therefore increased rate of poverty eradication. 

5. Higher production of medicinal drugs that are weed-related. 

6. Increase in research concerning the use, the positives and negatives of the plant. 

7. Fall of prices for medication that requires drugs related to weed. 

As much as we have the positives, the pricing of weed in the future will for sure not escape the the negatives. These negatives will include; 

1. Increase of abusive of weed-related drugs. This will be due to easy availability of the same. 

2. Increase in the rate of crimes for those under the influence of the weed related products. 

3. Increased competition in the market of weed and its commodities. 

As it stands, I wouldn’t think of a reason as to why the pricing of weed in the future will raise or even stay as it is currently. Well, whoever doesn’t like to listen knows nothing, or very little so, am willing to listen to anyone who thinks they can convince me the opposite.