Joe Weisenthal | The Business Insider
To solve its wrenching budget issues, some in California have pushed for the idea of total legalization of pot, with the idea being that the state would make money twice: taxation and reduced enforcement costs.
California voters will go to the polls this November to vote on some form of legalization, making the economics particularly important.
A new study by the RAND foundation (via Bill Bishop) looks at exactly this issue. What's their verdict?
Here's their summary findings:
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