*Check this out. If California’s Proposition 19, the ballot initiative to legalize marijuana passes it would cause the price of primo pot to plunge to $38 an ounce, the Rand Corp. estimates.

Users might also enjoy the irony that they could end up paying the government more for their weed than they pay to growers; taxes as high as $50 an ounce have been discussed as one of the drivers for legalization. That would put the grand total in the neighborhood of $88 an ounce, an 80% drop from a current high of about $450, notes the Los Angeles Times.

The Rand report couldn’t estimate the tax benefits however, but it noted legalization in California would cause the price of pot to drop across the nation, stimulate “marijuana tourism” in Cali, and disrupt smuggling from Mexico.