The Mistake Most States Made When Legalizing Marijuana

The arrival of 2017 will bring many changes to the country, including falling marijuana prices in states that have legalized a recreational market. Cannabis users may cheer this news, but it heralds the start of an enduring budgetary headache for states that tax legal marijuana sales based solely on price.

New data from one legalization state illustrate the point


By Keith Humphreys January 18, The Washington Post