RE: California Marijuana Legal 1-2018 & Shut Out Bank Investors: Cryptocurrency The Answer?
It is easy to understand in my opinion, if you compare it with the consumption of cigarettes or alcohol, I want to clarify that I am not in agreement with the use of drugs, of any kind, including legal ones such as alcohol and cigarettes.
But it is a fact, that the enormous public expenditure and the efforts of the governments to stop their distribution and manufacture, have only managed to make the business more lucrative, there is more demand and higher prices. So, it is logical that the government legalize some drugs, this decriminalizes its distribution and consumption (which in any case occurs), it allows to obtain income to the national treasury product of this economic activity, demotivates to the criminal bands because the prices of them will fall and they lose control and power that they have through them.
I repeat I am not in agreement with your consumption but I understand the logic behind this decision.
On the economic, the number as presented are very motivating, regardless of the lack of credit, an investor with capital would see a very rapid return on investment and many crypt holders have that capital XD.
I know it's a long comment and if you got here thank you for reading me: P
What are the laws in Venezuela?
Here the laws penalize the consumption and distribution, but the reality is something different, because of the political and social disaster. Which is a breeding ground for any thing, even it is possible for some people to have more profits selling basic products in black markets than with drugs
PD: basic products, toothpaste, deodorant, soap, sugar, coffee and so a long list
What is the normal cost vs the black market prices for those consumer essentials?
For example a kilogram of Vermicelli costs regulated by the government about 7,000Bs and in the black market it is sold between 70,000Bs to 90,000Bs. about 1,000% - 1,285% more
Update: To put things in context, the monthly salary is Bs. 700,000, which is about $ 5 or $ 6 at today's exchange rate.