Or more accurately, did not think through. I am more interested in the economic debate put forward by libertarians which I lean to. One of the predictions of my economic model of legal pot would be that illegal pot would increase in Colorado because the state following tobacco laws, would make pot so expensive people would revert to illegal pot. This was not a difficult economic predictor given that when the state increases taxes on tobacco we see increase in bootlegging cigarettes from other states, Canada and just unstamped packs.
From articles I have read, my prediction has come true that illegal pot and organized crime has increased in Colorado. Obviously, high prices in the legal market have created demand for a lower cost alternative.
But it maybe worse than I predicted. I read that tax revenue is double than anticipated. This would indicate a "win" for the pro-legal crowd that hoped by legalizing pot that at least the state would get taxes. However, this could also mean a win for social conservatives who predicted that legalizing the drug would create more demand. (some of the taxes can be attributed to pot tourism). More demand means greater potential for the black market.
I know I’m going to catch flack for this but I bet the overall condition of the state will deteriorate as well. Back in the day, I used to have friends that smoed marijuana every day. I could take you to their apartments and my other non-smokers apartments and without saying a word could ask you which was which and there would be no question who was who. Pot makes you letharthic and lazy. I think you are going to see evidence of that manifest itself on a wide scale over time in the state.