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Legalization will move the marijuana industry above ground, just as the repeal of alcohol prohibition restored the legal alcohol industry. A small component of the marijuana market might remain illicit??€”moonshine marijuana rather than moonshine whiskey—but if regulation and taxation are moderate, most producers and consumers will choose the legal sector, as they did with alcohol...

Author: By Jeffrey A. Miron | Title: Marijuana Legalization in California | 5/27/2010 | See Source »

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