Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Investing

Prioritize Marijuana Licenses for Past Offenders? No, Just Eliminate Licenses

by December 22, 2023
December 22, 2023
Prioritize Marijuana Licenses for Past Offenders? No, Just Eliminate Licenses

Jeffrey Miron

As states ease their marijuana prohibitions, several are prioritizing licenses for individuals “disproportionately impacted” by prior drug laws. This mostly means those with a prior drug conviction.

This issue arises because states limit the number of marijuana licenses. That is misguided.

Government‐​created barriers to entry keep prices high, inconvenience consumers, and allow those who get licenses to earn outsized profits. In New York, for example, six months after the state started issuing licenses, only 12 dispensaries had opened. Similarly, licensing requirement plus high taxes in California have kept the underground market five times larger than the legal one (although this partially reflects federal prohibition).

In Libertarian Land, government imposes few if any restrictions on starting a business, of any kind. That should apply to marijuana legalization.

0
FacebookTwitterGoogle +Pinterest
previous post
GOP lawmaker introduces bill requiring age verification technology for porn sites
next post
Boost Your Trading Success with This Chart Trick

You may also like

Senate Immigration Deal Is a Mixed Bag

February 6, 2024

Industrial Policy, Whether Republican or Democrat, is Anti-Liberty

January 3, 2025

An Ama(i)zing Quote from the US on Mexico’s...

November 27, 2023

Trump Proposes to Socialize IVF

August 30, 2024

There’s Still No Economic Case for New Tariffs

November 18, 2024

The Economist Gets It Wrong on Dollarization in...

September 25, 2023

House Budget Pairs Wishful Thinking with Modest Spending...

February 13, 2025

Recent Articles Highlight Jones Act Contributions to Offshore...

January 2, 2024

The US Food Trade Deficit Is Nothing to...

April 15, 2025

New IRS Tax Gap Estimate

October 11, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • TSA tells Americans their Costco cards won’t fly at airport security despite love for hot dogs

      June 7, 2025
    • Trump announces China will restart rare earth mineral shipments to US after productive call

      June 7, 2025
    • Musk feud presents ‘unprecedented’ dynamic compared to past Trump disputes: expert

      June 7, 2025
    • Snub of Musk’s NASA nominee ally preceded sudden ‘big, beautiful bill’ criticism, Trump feud

      June 6, 2025
    • Supreme Court rules DOGE can access Social Security information

      June 6, 2025
    • US sanctions money laundering network aiding Iran as regime faces nuclear reprimand at IAEA

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,019)
    • Politics (15,558)
    • Stocks (3,134)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved