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The Illinois Experiment in Legal Cannabis so Far

Cato Podcast

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Is There Any Evidence That the Illegal Market Is Still Vibrant?

Black markets are notoriously hard to measure, i'm right, because it's a black market. There as a really interesting study that looked at illegal growing on federal lands out west. And they found that legalization was associated with less am illegal growing,. But the higher the tax rate, the less benefit of that you got. In other words, higher taxes were associated with more illegal growing.

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