Weed vs. Greed: How America Botched Legalizing Pot

by Will Yakowicz for Forbes

Thanks to overregulation and overtaxation, the U.S. government has blown the easiest revenue opportunity ever—legalized drugs. But it’s not too late to save the $72 billion cannabis industry from the perils of prohibition.

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“What is legalization doing to small business owners like myself? It’s killing us,” Senter says. “It’s crushing us.” By “legalization,” of course, she means regulation. Everyone loves the idea of a fair, transparent market. It’s the mandates and fiats that are killing legal weed—more specifically, the balkanized nature of those regulations. Without federal legalization, anyone trying to create a marijuana business at scale has to ponder 38 sets of rules, reporting standards and tax regimes.

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