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Politics : Libertarian Discussion Forum
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From: Glenn Petersen4/1/2022 3:53:25 AM
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Marijuana fact of the day

by Tyler Cowen
Marginal Revolution
March 29, 2022 at 3:04 am

In California, three years into the era of legalization under the Proposition 64 ballot initiative, data indicate that only about one-quarter of weed sold and consumed in the state is legally licensed and that the remaining three-quarters is produced outside legal market channels.

And from a later chapter:

And that is why some people say, and we consider it plausible, that the so-called legalization of weed in some North American markets has illegalized more weed than it legalized.

That is from the new and excellent Can Legal Weed Win?: The Blunt Realities of Cannabis Economics, by Robin Goldstein and Daniel Sumner.

Marijuana fact of the day - Marginal REVOLUTION
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