Cannabis Economics: Questioning the Licensing Costs in Washington State

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Economics:  The science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind.

By that basic definition of Economics, every individual who produces, distributes, or consumes goods should have some sense of what economics is, if for no other reason than the unavoidable fact that economics -- supply and demand -- impacts every person in society:

1. Free PDF: Economics in One Lesson by Henry Hazlitt
2. Free PDF: Economics of Prohibition by Mark Thornton
1. Economics of Prohibition Excerpt
2. Economics of Prohibition Excerpt

While growers are now producing supply to meet demand, and sellers are obtaining supply to feed demand, and buyers are paying for supply they demand, it leaves me wondering:

• What is the breakdown of the money once the buyer pays the seller and the seller pays the grower?
• Who is making the most money from taxed cannabis?
• What is being done with the tax-generated revenue?

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I won't be answering all these questions right now and new questions will arise as I conduct research.  My answers are not necessarily correct as they are conjecture based on my understanding at the time of writing and based on the best research I have at that time. 

This will be an ongoing series of articles featuring information I learn as I search to find answers to my questions.  I will be sharing what I find here so that others may learn from it what they will.

My research is based on the information I read in various news reports and the questions those reports bring to my mind.

This is no rabbit hole.  This is the Pot Hole: