Lawmakers will drive the price of legal weed

by Erin Petenko, The Star-Ledger

Gov.- elect Phi l Murphy’s vision for New Jersey includes weed, and lots of it.

The Democrat has promised to legalize recreational marijuanause for people age 21 and older within the first 100 days of his administration. And if he and the state Legislature play their cards right, the price of pot could plunge, according to historical price data and national experts.

But the path to cheaper marijuana prices is unlikely to be straight andnarrow.

“New Jersey may fall into the camp of states with a strict market,” said Adam Orens, co-founder of Marijuana Policy Group. “And with strict markets, prices canbe an issue.”

Marijuana remains illegal in most states, and that means collecting reliable information on prices and price changes can be difficult. The best sources currently rely on crowdsourcing — people who buy and sell marijuana on the blackmarket, reporting their own prices.

Full story:  The Star-Ledger