Legalising Drugs Prudently: The Importance of Incentives and Values
Various jurisdictions are legalising not just cannabis possession and use, but also large-scale commercial production, distribution and sale. Potential problems with that form of legalization raise questions about how best to implement a legalisation. This paper analyses the interests of the supplie...
| Published in: | Journal of Illicit Economies and Development |
|---|---|
| Main Author: | |
| Format: | Article |
| Language: | English |
| Published: |
LSE Press
2019-11-01
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| Subjects: | |
| Online Access: | https://jied.lse.ac.uk/articles/44 |
| _version_ | 1852667668991049728 |
|---|---|
| author | Jonathan Caulkins |
| author_facet | Jonathan Caulkins |
| author_sort | Jonathan Caulkins |
| collection | DOAJ |
| container_title | Journal of Illicit Economies and Development |
| description | Various jurisdictions are legalising not just cannabis possession and use, but also large-scale commercial production, distribution and sale. Potential problems with that form of legalization raise questions about how best to implement a legalisation. This paper analyses the interests of the suppliers and regulators to help lawmakers and voters decide what over-arching architecture for legalisation might be prudent. In particular, it suggests banning for-profit companies and/or vesting regulatory authority in an agency that views its mission as protecting heavy users from suppliers’ excesses, rather than serving the interests of the cannabis industry. |
| format | Article |
| id | doaj-art-1dda309df58d425c8a2d63b63fdbb0a1 |
| institution | Directory of Open Access Journals |
| issn | 2516-7227 |
| language | English |
| publishDate | 2019-11-01 |
| publisher | LSE Press |
| record_format | Article |
| spelling | doaj-art-1dda309df58d425c8a2d63b63fdbb0a12025-08-19T21:34:35ZengLSE PressJournal of Illicit Economies and Development2516-72272019-11-011327928710.31389/jied.4431Legalising Drugs Prudently: The Importance of Incentives and ValuesJonathan Caulkins0Heinz College, Carnegie Mellon UniversityVarious jurisdictions are legalising not just cannabis possession and use, but also large-scale commercial production, distribution and sale. Potential problems with that form of legalization raise questions about how best to implement a legalisation. This paper analyses the interests of the suppliers and regulators to help lawmakers and voters decide what over-arching architecture for legalisation might be prudent. In particular, it suggests banning for-profit companies and/or vesting regulatory authority in an agency that views its mission as protecting heavy users from suppliers’ excesses, rather than serving the interests of the cannabis industry.https://jied.lse.ac.uk/articles/44cannabismarijuanadrug policylegalisationdecriminalisationpolicy analysis |
| spellingShingle | Jonathan Caulkins Legalising Drugs Prudently: The Importance of Incentives and Values cannabis marijuana drug policy legalisation decriminalisation policy analysis |
| title | Legalising Drugs Prudently: The Importance of Incentives and Values |
| title_full | Legalising Drugs Prudently: The Importance of Incentives and Values |
| title_fullStr | Legalising Drugs Prudently: The Importance of Incentives and Values |
| title_full_unstemmed | Legalising Drugs Prudently: The Importance of Incentives and Values |
| title_short | Legalising Drugs Prudently: The Importance of Incentives and Values |
| title_sort | legalising drugs prudently the importance of incentives and values |
| topic | cannabis marijuana drug policy legalisation decriminalisation policy analysis |
| url | https://jied.lse.ac.uk/articles/44 |
| work_keys_str_mv | AT jonathancaulkins legalisingdrugsprudentlytheimportanceofincentivesandvalues |