The long-term structures of legalization

An interesting article over at Reason on the legalization of a drug called alcohol: How Not to Legalize a Drug

Basically, the article talks about the three-tiered system of producers, distributors, and retailers that was set up with the repeal of Prohibition 1, and how that structure still affects the market today.

Fascinating reading, and worth keeping in mind as we determine models for the emerging legal cannabis industry.

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