in theory this all sounds great, but when put into application it would never succeed. who is willing to pay the government $100 dollars in taxes on an ounce? (which is the precedent being set by oregon growers who are being subsidized by the government). taxation would be regulated entirely by the US government, which would see an increase in taxation during recessions and the masses would just resort to the previous system. underground drug trade would still flourish, the problem wouldn't be effectively solved by just legalization and taxation.
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