-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Probably will still be smaller than the illegal weed industry since there are no taxes on that. California and Colorado’s legal weed industry are outsold and undercut by the illegal trade and is flourishing due to excessive taxes and regulations. Company should be renamed from Cresco to Crisco so they can also satisfy the people with high fat munchies.
Have you watched Murder Mountain on Netflix?
Not yet but I will soon. Thanks!
Netflix? I don’t support companies that hate my values.
The legal weed market is really expensive compared to the street market. The police are still busting dealers on a regular basis selling baggies weed. My weed loving high school friends tell me that a legal baggie of weed is $80. That might last a few days, or less, if its a partying weekend. $80 is a lot of money for a lower working class guy used to paying $45 for a bag of weed. I totally see why the legal weed market has failed to completely dislodge the street market.
Check the Oklahoma market. Over 6000 cultivation licenses in the state. Wholesale prices are $50/lb. Yes, $50/lb. Keep paying $35/gram Illinois. Ha ha ha ha
That’s pretty interesting! I read an article years ago right about when cannabis started becoming legalized around the country … the author believed that cannabis would become a cash crop, and he went through the math, and said the cost would be something like $50 a lbs when things were up and running.
I haven’t checked out the prices online in IL in quite a while but I just looked, $60 for 3.5 grams of premium, and the taxes on that $60 bring up it up to something like 80$