Illegality drives up the cost of the illegal substance. — What would the actual cost, with a 6% markup to provide a suitableprofit, of the more common “illegal” substance such as MJ, cocaine, & heroine? — Please note, I’m NOT saying they should be legal, just what would the comparative prices be?
Now how would this effect the crime lords? If an addict, one would have to register, of course, could buy his or her drug of choice from a legal source at realistic prices, what would happen to the economies of drug producing countries. [Of course, California would now run a surplus as the value of MJ grown in the state is in the billions of dollars.
It would be interesting to see an economic evaluation of this. maybe money is being allocated in the wrong areas.