If California approves Proposition 64 next week, it is likely to create significant momentum toward legalizing marijuana throughout the U.S. and beyond. Marijuana prohibition has a sorry history. And because of prohibition, U.S. marijuana sales have helped to finance brutal drug traffickers who are destabilizing Mexican society. Under prohibition, prices are inflated by artificial scarcity and the need to compensate dealers for their legal risks. But if alcohol and marijuana are not substitutes for each other, we’ll just end up with more intoxication than we had before.

Source: Los Angeles Times November 03, 2016 12:00 UTC