State governments are becoming the biggest drug lords of all

Source: Independent Institute
by Robert Higgs

"[S]tates that are 'liberalizing' their marijuana laws are not doing so by simply repealing existing laws that make the possession, distribution, and production of these products illegal. Instead, the states are creating a complex regime of control, regulation, and taxation. By these expedients, state governments are in effect responding to the public’s growing opposition to the old regime of arrest, prosecution, and imprisonment by creating a legalized arrangement in which the governments themselves will rig the markets and skim off a large part of the earnings of sellers via fees and taxation. Thus, the state governments are turning themselves into de facto landlords of drug-dealer sharecroppers: the producers that grow, process, and sell marijuana will be required to pay the government what amounts to a share of the income." (04/21/17)

http://blog.independent.org/2017/04/21/state-governments-are-becoming-the-biggest-drug-lords-of-all/