Debating whether to legalize pot is increasingly pointless. Unless there’s an unexpected shock to public opinion, itâ€™s going to happen, and sooner rather than later.
The important debate now is how to legalize it. The results of legalization depend strongly on the details of the post-prohibition tax and regulatory regimes. In the current situation, continued prohibition might be the worst option. Full commercial legalization on the alcohol model might well be the second-worst. But thatâ€™s the way weâ€™re heading.
I’m preparing an essay about designing a post-prohibition regime. After the jump is a set of topic sentences and paragraphs for sections of that essay, not yet in a well-defined order. (UPDATE: Numbers inserted to facilitate comments.)
Substantive comments are welcome. Rant and snark will be ruthlessly zapped.