The mouth is much sweeter than salt, only the person with two mouths can live in Lagos
Did you know the Office of National Drug Control Policy has a publicly-accessible database of “street terms” for drugs? It’s like the feds’ own Urban Dictionary. But with even less accountability and oversight! (…)
Author: Doctor who writes illegal prescriptions
Boo boo bama: Marijuana
Dream gun: Opium
Gangster pills: Depressants
Oyster stew: Cocaine
Raspberry: Female who trades sex for crack or money to buy crack
Strawberry: LSD; female who trades sex for crack or money to buy crack
Toucher: User of crack who wants affection before, during, or after smoking crack
Twin towers: Heroin (after September 11)
Zoomer: Individual who sells fake crack and then fleesWhy is a bag of weed always $10 (man)?
The nominal price rigidity you describe is remarkable and unusual. If the price of weed had increased in line with US consumer price inflation, you’d be paying $20–$25 a gramme now. So I agree, it is a puzzle.
My guess is that the illegality of the market gives a push towards the price stickiness you have encountered. Buying and selling cannabis is hazardous and there must be a benefit to a situation where nobody haggles over the price.
Still, the nominal price wouldn’t stick like that unless supply and demand were at least roughly in balance at $10 a gramme. And I confess, I am perplexed. My own research, which has been purely academic, suggests that prices vary between £20 and £250 an ounce in the UK, roughly £1 to £10 a gramme. Since the price stability you describe is not matched in other markets, could it be purely fortuitous?
photo { Olivia Malone }
