Cannabis Is No Ordinary Commodity

Pot is different from growing, distributing and selling potatoes, beef, salmon or cars, common commodities with of course complex forces at work. But cannabis takes complexity to a whole new level, comparable to tobacco and alcohol – which have been among the principal killers of Americans.

Yet the US is ablaze with cannabis: It is our #1 illicit drug and medical marijuana (MJ) is legalized in 29 states and recreational marijuana legal in 8 states (DC permits both). 63% of Americans live in states with medical or recreational MJ or both. The flame is everywhere and picking up intensity. Over 22 million Americans (12 and older) reported using MJ in the past month.

While some die-hards may imagine prohibiting the use of (especially) recreational marijuana and using law enforcement to…

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