Legalized Pot Was Supposed to Help Build Black Wealth in Los Angeles. It Failed.

submitted by [deleted] from newrepublic.com

sorted by:
top
newinsightfulfun
you are viewing a single comment's thread.

view the rest of the comments →

[–]Heter0ph0be4Life 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (3 children)

That's because pot is no more exempt from the laws of economics and supply and demand than any other commodity. It's really not hard to comprehend: they only "legalized" it so they could extort protection money from the industry while making it harder for those who aren't already rich to start a business. The Italians muscled their way in just like they did with liquor and they did it to keep Blacks and Mexicans out, as per usual.

[–]Canbot 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (2 children)

How did they "muscle their way in"? Do you mean out competed by providing better products and services?

[–]jet199 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

Better protection services.

[–]Heter0ph0be4Life 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

This.