Monday, December 3, 2007

Buy Low, Sell High?

Some giggle-worthy economic news from a highly unusual source.

Page Six, the gossip page of the New York Post, is reporting that the weakening dollar is having an unexpected impact on the price of high-quality marijuana in Manhattan.
"Most of the high-end marijuana sold here comes from Canada," our source in the herbal world reports. "With the Canadian dollar becoming more valuable against the US dollar, the dealers have had to raise prices about 25 percent." The commercial-grade weed comes from Mexico, and the peso hasn't moved as much. "But Canada has the real high-quality hydroponic stuff," said our stoner source, who is feeling the pinch.

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