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

Americans Paid for the Trump Tariffs—and Would Do...

August 19, 2024

Minnesota Repeals Its Drug Paraphernalia Laws

May 24, 2023

The Islamic Secular and the Seeds of Freedom

November 14, 2024

Another Negative of Occupational Licenses

April 15, 2024

DOGE’s Elusive Organizational Chart

February 26, 2025

Where Did Your Tax Dollars Go? A Federal Budget...

April 20, 2023

A Fine Pairing: Crypto x AI and a...

December 13, 2024

Corporate Welfare and Low-Income Welfare

May 8, 2025

Senate GOP Deploys Dishonest Budget Gimmick to Dodge...

April 3, 2025

Trade in Real Life: Sorry Charlie (and Senator...

June 12, 2023

    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

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • 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