William Watson: Pricing pot? Let the market decide, dude!

In Research by Michael Rae

Federal and provincial officials will meet next month to start deciding, among other things, what marijuana will sell for in this country once legalization takes place, as it’s supposed to in the not-too-distant future.An economist’s reaction to that idea is too easy: What have they been smoking? Have they been dipping into free samples supplied by industry lobbyists? Have they befriended that one physician who writes 57 per cent of the military’s medical marijuana prescriptions? How can they possibly imagine they or their officials are equipped, even after the most intensive study of the existing not-very-black market, to decide the

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