The inimitable Jon Gettman sounds off live from “Old Virginny” at The Air & Space Museum Annex in Chantilly and at the hallowed site of George Washington’s former hemp fields in Mount Vernon. A 45-minute virtual interview recorded via Skype completes the poteconomics spectacular.
Three years plus into pot’s tempestuous tenancy on Main Street, Denver can rightfully stake a claim as Planet Earth’s premier cannabiz incubator. Our man in the Mile High City watched the drama unfold.
Say what you will about the FDA, but no prescription has ever left a pharmacy with the dosage information “take as much of this as you want, any time you feel like taking it.” But that’s exactly how most cannatherapy takes place. The products mentioned in this series have created a buzz in the community for good reason: they represent the industry’s first attempts at providing cannatherapy in uniform doses, replicating one practice Big Pharma gets right.
The Cannabis Commerce cinema verité tour of Denver dispensaries kicked off this week, with visits to a couple of our favorite shops. Details of Colorado HB 1284, calling for greater scrutiny of dispensaries, were released the day before filming began. The industry was a little staggered by it all. But the show must go on.
Recent Brown economics major Max Chaiken’s senior thesis, The Other Green Economy, contributes vision, open-mindedness, and compulsion to the pastime of seeking cannatax. It predicts a whopping $212 billion’s worth, which ruffles the feathers of more experienced economists.
Harvard professor Jeff Miron is the media’s go-to guy for cannatax quotes. The Miron Report is the mother of all poteconomics papers. Curiously, the author remains entirely detached from his subject. For Miron, weed is “just another boring agricultural thing.” He defends his conservative estimate like it’s the Alamo. Then why do we like him so much?
“When you look at all the marijuana they say that’s on the market based on what police reports provide, and I mean DEA reports, state police reports, price estimates from all sorts of sources, there is some consensus of what the price of marijuana is these days. It averages around $2,500–$4,000 a pound. Again, we’re looking at $100 billion a year retail valued market based on these reports.”