Legalization of cannabis does generate much revenue for the state, but at a cost. The higher the price and taxation, the greater is the revenue, but then the black market’s lower price helps it thrive. Lowering the legal price could undercut the black market, but experience with alcohol shows that lower price increases overall consumption and harm resulting from heavy use.
Politics This Morning
Your email has been added. An email has been sent to your address, please click the link inside of it to confirm your subscription.
Your group subscription includes premium access to Politics This Morning briefing.