Showing posts with label Barter Economy. Show all posts
Showing posts with label Barter Economy. Show all posts

Tuesday, January 16, 2018

The Weed Economy

Parts of the country where marijuana is not "legalized" but "decriminalized" may be heading toward a weed economy nonetheless. This article from yesterday describes how the "free gift" economy is working in Washington DC. You "buy" a near worthless item like a key-chain for $60 and the vendor "throws in" a bag of marijuana for "free" (of course the street value on the bag of weed is also $60). This is just one step below the legal sale environment of places like Colorado.

I think things could also evolve into a more pure barter economy type arrangement. (As an aside did I really use the terms "evolve" and "barter economy" in the same sentence?) In Massachusetts you are now allowed to own 6 cannabis plants for personal use and consumption - or 12 plants per household. Is it really a stretch to think that people you already do business with wouldn't be open to some trading? A haircut could be worth an eighth of an ounce to your barber or hair stylist. Work done on your car? You pay for parts but your mechanic will take a half ounce for the labor. There are many such transactions this barter could apply to.

Even in places where weed is legal you could still have these barter transactions - because avoiding taxes is as old a practice as taxes themselves. 

Too bad I don't have a green thumb.