'So many dimensions' to pot question; marijuana legalization has the power to ...
If the nation's 13-year experiment with alcohol prohibition did anything, it made the average drink a lot more expensive.
When Prohibition was passed in 1920, the price of beer soared more than 700 percent, the cost of brandies shot up more than 400 percent and general spirit prices rose by about 270 percent across the board. Within a year of the law being repealed in 1933, prices had dropped 30 percent, beginning what would be a steady decline, according to a policy analysis for the Cato Institute.
It's the prospect of a similar price plunge that has some on the North Coast squirming at the idea of California voting to legalize marijuana after decades of state and federal prohibition. The unease makes sense, considering a recent study by Jennifer Budwig, a local banker whose thesis concluded the marijuana industry pumps at least $400 million annually into the Humboldt County economy. If that money were to disappear, it would cause a 25 percent reduction in local economic activity. And that's with Budwig using what, by all accounts, are extremely conservative estimates.
It's a thought that strikes fear not only into the hearts of pot growers but also the owners of local car dealerships, restaurants and boutiques. It's money that's spent for child daycare, to buy real estate and to start local businesses. In short, it's money that likely permeates just about every nook and cranny of the Humboldt County economy.
In fact, the legalization conversation -- which is gaining steam with five initiatives circulating to qualify for the November ballot -- carries so many implications for Humboldt County that the Greater Eureka Chamber of Commerce recently received a presentation on Budwig's thesis, which focuses not only on economic impact but also potential ramifications of legalization.
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Working in it isn't for sissies, to paraphrase a line from Bette Davis. That said, 2011 was a good year for the biz. A lot of Canadian and American TV movies, series and mini-series were shot in and around Halifax this year.
A University of California, Davis analysis of grocery store olive oils found 69 percent were not extra virgin olive oil, which means consumers miss out on health benefits and taste that they thought they bought. Stephan suggests buying California
It's a thought that strikes fear not only into the hearts of pot growers but also the owners of local car dealerships, restaurants and boutiques. It's money that's spent for child daycare, to buy real estate and to start local businesses.
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