“The whole thing is nothing more than an emerging industry that is seen by governments as a huge source of untapped tax revenue.”
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If that were true, then governments would be leading the charge to legalize. Instead, they are dragging their feet, even in blue states.
The first 8 states (plus DC) to legalize did so by referendum. Politicians are way out of step with the people on this issue.
THAT is why my own state is moving very slowly on this. If legalizing marijuana doesn't produce a huge pile of tax revenues, then that defeats the whole purpose of legalization (as far as the political leadership is concerned).